Dashboard shboard / Courses / UNISA / 2023 / Semester 1/ FAC1501-23-S1 / Welcome Message / Assessa Calendar One of the errors that will not be revealed by a trial balance is when a ledger account has been totaled correctly but the balance has been calculated incorrectly. Select one: O True O False The following information was obtained from the records of Zondi Mining (registered VAT vendor) on the last day of the financial year, 31 March 2023: Type here to search

Additional information: 1. Vehicles have a residual value of R100 000 and is depreciated over the estimated economic life of 4 years using the straight-line method. 2. Equipment is depreciated at 15% using the reducing balance method. 3. No assets were sold during the financial period. 4. On 1 July 2022, Zondi Mining purchased new drilling equipment for R134 550 (VAT inclusive). The VAT rate is 15% Instructions for numeric responses: 1. Use a full stop to indicate any decimals (eg: 1000.01) 2. Round off to the second decimal after the full stop (eg: 50.56) 3. All amounts that will decrease the closing balance of assets must be recorded with a negative sign in front of the amount (eg: -1000.01)