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NON-CURRENT ASSETS DISCLOSURE On the 31 December 20.3 the following Balances, amongst other, appeared in the accounting meartha til Bruno Traders, Land and Buildinp 500

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NON-CURRENT ASSETS DISCLOSURE On the 31 December 20.3 the following Balances, amongst other, appeared in the accounting meartha til Bruno Traders, Land and Buildinp 500 000 Accumulated depreciation buildings G1 December 2015) 4000 Furniture at cost 100000 Accumulated Depesciutice: Furniture (31 December 2003) 40 000 Vehicles at cost 250 000 Accumulated depreciation: Vehicles (31 December 20-3) 80 000 Brand name 31/12/20.3 200000 Accumulated atrictivation 13/12/203 16000 Accumulated depreciation: Brand Names 31 December 20.3) 40000 Financial Assets as at 31/12/20.3 60000 Goodwill 31/12/203 300 000 Accumulated amortisation 61.000 Additional information 1. Depreciation is written att ein buildings at 2% per year on cont, on furniture a 10% per year an cent, and on vehicles at 20% year on the carrying amount 2. Land and buildings were purchased on 1 January 2012 for NS S0O000 and the buildings are situated on af 2120, Ferndale. The value of the buildings on dute of purchase was NS200000 3. On 31 March 2014 furniture costing N522 800 and with accumulated depreciation of N$12.000 as at 31 December 20.3, was sold for NS 6 540 4. On 30 September 2014 a new vehicle was purchased for N5 45 600 5. Financial assets were re-measured at NS 70 000 during the year 6. Goodwill has a lifespan of 25 years 7. Intangible assets are initially recognised at cest price and are stated cont less acumulated ammortisation. All intangible assets have a lifespan of 25 years Required: Prepare the extracted statement of financial position as at 31 December 204 for non-current acts as at 31 December 20.4 and also disclose the notes for non-current assets to comply with the requirements of LASI and IFRS and the Companies Act 73 of 2008 NON-CURRENT ASSETS DISCLOSURE On the 31 December 20.3 the following Balances, amongst other, appeared in the accounting meartha til Bruno Traders, Land and Buildinp 500 000 Accumulated depreciation buildings G1 December 2015) 4000 Furniture at cost 100000 Accumulated Depesciutice: Furniture (31 December 2003) 40 000 Vehicles at cost 250 000 Accumulated depreciation: Vehicles (31 December 20-3) 80 000 Brand name 31/12/20.3 200000 Accumulated atrictivation 13/12/203 16000 Accumulated depreciation: Brand Names 31 December 20.3) 40000 Financial Assets as at 31/12/20.3 60000 Goodwill 31/12/203 300 000 Accumulated amortisation 61.000 Additional information 1. Depreciation is written att ein buildings at 2% per year on cont, on furniture a 10% per year an cent, and on vehicles at 20% year on the carrying amount 2. Land and buildings were purchased on 1 January 2012 for NS S0O000 and the buildings are situated on af 2120, Ferndale. The value of the buildings on dute of purchase was NS200000 3. On 31 March 2014 furniture costing N522 800 and with accumulated depreciation of N$12.000 as at 31 December 20.3, was sold for NS 6 540 4. On 30 September 2014 a new vehicle was purchased for N5 45 600 5. Financial assets were re-measured at NS 70 000 during the year 6. Goodwill has a lifespan of 25 years 7. Intangible assets are initially recognised at cest price and are stated cont less acumulated ammortisation. All intangible assets have a lifespan of 25 years Required: Prepare the extracted statement of financial position as at 31 December 204 for non-current acts as at 31 December 20.4 and also disclose the notes for non-current assets to comply with the requirements of LASI and IFRS and the Companies Act 73 of 2008

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