Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

JJ Ltd acquired a new plant at a cost of R2 350 000 on 1 January 2020. The plant had an estimated residual value of

JJ Ltd acquired a new plant at a cost of R2 350 000 on 1 January 2020. The plant had an estimated residual value of R67 000. The Directors of the company were convinced that the plants expected production life were 4 500 000 units. The plant produced 830 units and 780 units during the first and second year of use ended the 31 December 2020 and 31 December 2021 respectively.

Calculate the carrying amount of the plant at the end of 31 December 2021:

Select one:

a. R2 409 193

b. R2 836 193

c. R1 533 193

d. R1 455 193

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Data Analytics for Accounting

Authors: Vernon Richardson

1st edition

1260375196, 9781260375183 , 978-1260375190

More Books

Students also viewed these Accounting questions