Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Nolk to the accoumist Bepriciation paliciest. (i) NEchincty (i7) Maroor vehicles The company. prowides full gear depreciation oes fincal asets held at the crad of

image text in transcribed
Nolk to the accoumist Bepriciation paliciest. (i) NEchincty (i7) Maroor vehicles The company. prowides full gear depreciation oes fincal asets held at the crad of cacla year and nothe in the seaf of disponal Duning the yeat to 31 Deccmloct 2121 , the folloning trantacton had occurred. the purchase prtice and transporthtion changes of 1 t on cost price prefe paid. To (b) BNII earned out repairs to onc of their wchacles conting them RNT rivo. From this anount RNIt,500 was expcmsed to cupand the interiot fot the purpose of increating the carrying capacity. (c) One of the machines had to be scrapped due to serous malfunction. The machine was boughit in 2017 , fot RNTo,000. (d) BMI cxchanged an old van bought in 2012 fos 8M50,000, with a twew wan with a purchase price of R. 90,000 . The cachange had allowed BMel to pay RM65,000 and 54bsequently pand RMI, 500 fot insurance and soad tax: Required: (Show A1.L. neccssary workings)

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

Bookkeeping And Accounting For Beginners

Authors: D.K. Livingston

1st Edition

1686248598, 978-1686248597

More Books

Students also viewed these Accounting questions

Question

=+a) What is the standard deviation of the sample mean?

Answered: 1 week ago

Question

5. What are the other economic side effects of accidents?

Answered: 1 week ago