hboard / Courses / UNISA / 2023 / Semester 1/ FAC1501-23-S1 / Welcome Message / Assessme 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: Land and buildings at cost (opening balance) Vehicles at cost (opening balance) Equipment at cost (opening balance) Accumulated depreciation: Vehicles (opening balance) Accumulated depreciation: Equipment (opening balance) R 1 770 000 1 100 000 620 000 500 000 172 050 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. Type here to search 184 LIFE