Dube Dangerous Chemicals Ltd has a December year-end.

Extracts from the post-adjustment trial balance for the year ended 31 December 2007 is as

follows:

Plant and equipment - Cost 200 000

Plant and equipment - Accumulated depreciation (100 000)

Vehicles - Cost 150 000

Vehicles - Accumulated depreciation (131 250)

Office equipment - Cost 20 000

Office equipment - Accumulated depreciation (13 333)

A decision was made to sell plant and equipment with a total cost of R50 000 and accumulated

depreciation of R18 750 on 30 September 2007. The plant and equipment were withdrawn from

service, but have not yet been sold. Current depreciation has not been accounted for.

Office equipment to the value of R50 000 was purchased on 30 June 2007.

Vehicles are depreciated over 5 years on the straight-line method, plant and machinery over 8 years

on the straight-line method and office equipment 30% on the diminishing balance method.

Prepare the non-current asset notes in the annual financial statements of the company for the

year ended 31 December 2007