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Information 1. On 1 March 2022, the following balances appeared, amongst others, in the books of Wentworth Traders: Equipment R90 000 Accumulated depreciation on equipment
Information 1. On 1 March 2022, the following balances appeared, amongst others, in the books of Wentworth Traders: Equipment R90 000 Accumulated depreciation on equipment R39 000 2. A computer, cost price R10 000, was purchased and recorded 01 June 2022. 3. On 31 August, old equipment that cost R30 000 was sold on credit to S. Hunter for R5 000. The accumulated depreciation on the equipment sold amounted to R25 000 ON 01 March 2022. 4. Depreciation is calculated at 10%p.a on cost. The financial year ends on 28 February 2023. .1 Calculate the profit or loss on the disposed equipment. (04) 1.2 Complete the extract of the following note to the financial statements as at: (06) 28 February 2023: Property, plant and equipment
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