please assist with the following questions.

Question 1 27 points Save Answer N arrent -PPE) GMENT Jemima Enterprises have below extract from the trial balance at 28 February 2019 Details Debit Credit Equipment 600 000 Accumulated depreciation equipment 2 Vehicles 450 000 Accumulated depreciation vehicles 150 000 Machinery 500 000 Accumulated depreciation machinery 2 Extract of Statement of Financial Position of Jemima Enterprises as at 28 February 2019 Non-current Assets Equipment 320 000 Vehicles 300 000 Machinery 2 Additional information: Depreciation on equipment is calculated at 20% pa on the reducing balance method Vehicles are depreciated at 20% pa on the straight line method The company considers the residual value on the vehicles to be 25% on cost Depreciation on machinery is calculated based on the units that the machine produces No depreciation has been recorded for the current year All amounts are VAT inclusive unless otherwise stated All suppliers are registered VAT vendors Vehicles: FIS pe here to search ENG 08:35 2020/11:30 Machinery Additional information: Depreciation on equipment is calculated at 20% pa on the reducing balance method Vehicles are depreciated at 20% p a on the straight line method The company considers the residual value on the vehicles to be 25% on cost Depreciation on machinery is calculated based on the units that the machine produces No depreciation has been recorded for the current year All amounts are VAT inclusive unless otherwise stated All suppliers are registered VAT vendors. Vehicles . On the 31st of July 2019, a new car was purchased from Green Motors for R253 000 A 20% deposit was paid on the date of purchase and the balance is to be financed by a bank loan The vehicle was available for use on the 31st August 2019 affer acquiring the necessary finance but unfortunately brought into use on the 19th September 2019 . On the 30th of November 2019 a vehicle that cost R126 500 was sold it was bought on 015 May 2017 at a cost of R160 000 (VAT excluded) and was available for use on the same day Machinery: The machine in the trial balance was bought on the 15th May 2017 at a total cost of R500 000 (VAT excluding) with no residual value This machine had a capacity to produce 55 000 units For the year ending 28 February 2018, 2019 and 2020 the number of units produced was 11 000 14 000 and 15 000 units in the three respective years. On the 28th February 2020, Jemima Enterprises sold this machine for R83 000 (VAT excluding) to Croxley Enterprises Depreciation has not yet been processed since it has been brought into use A new machine was ordered on the 30th April 2019 and paid for R437 000 (imported from Italy) On arrival, a stabilizer was fitted to the machine to ensure that it would be suitable for use in the business. The stabilizer costs R73 000 (VAT Excluded) and was paid in cash. The business also paid a labour cost of R18 400 for the conversion of the machine in the current year a total of 6 000 units was produced from the day the machine was brought into use. It has been estimated that the machine will be able to produce 40 000 units You are required to: 08:36 ENG 2020/11/20 the machine to ensure that it would be suitable for use in the business The stabilizer COSIS RTS U0U (VAT Excluded) and was paid in cash The business also paid a labour cost of R18 400 for the conversion of the machine. In the current year a total of 6 000 units was produced from the day the machine was brought into use. It has been estimated that the machine will be able to produce 10 000 units You are required to: Prepare the non-current assets note to the financial statement as at 28 February 2020 FILL IN THE MISSING AMOUNT, DO NOT USE SPACE, RAND, OR DECIMALS WITH AMOUNTS EQUIPMENT VEHICLES MACHINE Carrying value 01 March 2019 Cost Accumulated Depreciation Movements Additions Disposal Depreciation Carrying value 28 February 2020 Cost Accumulated Depreciation Question 1 of 7 Moving to another question will save this response DO 400 ENG 08:37 20/11 to search Shapes SmartArt Chart Screenshot Hyperlink Bookmark Cross-reference Header Footer Page Number Illustrations Links Header & Footer Text Quick WordArt Drop Box Parts " Text Jemima Enterprises have below the extract from the trial balance as 28 February 2019. Details Debit Credit Equipment 600 000 Accumulated depreciation ? Vehicles 450 000 Accumulated depreciation 150 000 Machinery 500 000 Accumulated depreciation ? Extract of the statement of financial position of Jemima Enterprises as at 28 February 2019. Non-current assets Equipment R320 000 Vehicle R300 000 Machinery ? are Clip Shapes SmartArt Chart Screenshot Hyperlink Bookmark Cross-reference Header Footer Page Art Number Illustrations Links Header & Footer Text Quick WordArt Drop Box Parts Obje Text Additional information- Depreciation on equipment is calculated at 20% p.a on the reducing balance method. Vehicles are depreciated at 20% p.a on the straight line method. The company considers the residual value on the vehicle to be 25% on cost. Depreciation on machinery is calculated based on the units of that machine produces. No depreciation has been recorded for the current year. All amounts are VAT inclusive unless otherwise stated. All suppliers are registered VAT vendors. Vehicle information On the 31 of July 2019 a new car was purchased from Green Motors for R253 000 a 20% deposit was paid on the date of the purchase and the balance is to be financed by a bank loan. The vehicle was available for use on the 31 August 2019 after acquiring the necessary finance but unfortunately brought into use on the 19 September 2019. On the 30 November 2019 a vehicle that cost R126 500 was sold it was bought on the 01 May 2017 at a cost of R160 000 (VAT excluded) and was available for use on the same day. Machinery information Word God ALTIN Maiting Review VIEW artArt Chart Screenshot Hyperlink Bookmark Cross-reference Header Footer Page Number Hons US Header & Footer Ter Quick WordArt Drop BOX Parts - Cap Text Machinery information. - The machine on trial balance was bought on the 15 May 2017 at a total cost of R500 000 (VAT excluding) with no residual value. This machine had a capacity to produce 55 000 units for the year ending 28 February 2018- 2019 and 2020 the number of units produced was 11 000-14 000 and 15 000 units in the three respective years. Jemima Enterprises sold the machine for R83 000(VAT excluding) to Croxley Enterprises. Depreciation has not been processed since it has been brought into use. - A new machine was ordered on the 30 April 2019 and paid for R437 000(imported from Italy). On arrival a stabilizer was fitted to machine to ensure that it would be suitable for use in the business. The stabilizer cost R73 000(VAT excluded) and was paid in cash. The business also paid a labour cost of R18 400 for the conversion of the machine. In the current year a total of 6 000 units was produced from the day the machine was brought into use. It has been estimated that the machine will produce 40 000 units. YOU ARE REQUIRED TO. Prepare the non-current assets note to the following financial statement as at 28 February 2020. TE CI Mailings REVIEW View SmartArt Chart Screenshot Hyperlink Bookmark Cross-reference Header Footer Page - - Number Header & Footer Text Quick WordArt Drop Box Parts Cap Text trations Links FILL IN THE MISSING AMOUNT-DO NOT USE SPACE-RAND OR DECIMALS WITH AMOUNTS. Equipment Vehicle Machine Carrying value at 01 march 2019 Cost Accumulated depreciation Movement Additions Disposals Depreciation Carrying value at 28 February 2020 Cost Accumulated depreciation Question 1 27 points Save Answer N arrent -PPE) GMENT Jemima Enterprises have below extract from the trial balance at 28 February 2019 Details Debit Credit Equipment 600 000 Accumulated depreciation equipment 2 Vehicles 450 000 Accumulated depreciation vehicles 150 000 Machinery 500 000 Accumulated depreciation machinery 2 Extract of Statement of Financial Position of Jemima Enterprises as at 28 February 2019 Non-current Assets Equipment 320 000 Vehicles 300 000 Machinery 2 Additional information: Depreciation on equipment is calculated at 20% pa on the reducing balance method Vehicles are depreciated at 20% pa on the straight line method The company considers the residual value on the vehicles to be 25% on cost Depreciation on machinery is calculated based on the units that the machine produces No depreciation has been recorded for the current year All amounts are VAT inclusive unless otherwise stated All suppliers are registered VAT vendors Vehicles: FIS pe here to search ENG 08:35 2020/11:30 Machinery Additional information: Depreciation on equipment is calculated at 20% pa on the reducing balance method Vehicles are depreciated at 20% p a on the straight line method The company considers the residual value on the vehicles to be 25% on cost Depreciation on machinery is calculated based on the units that the machine produces No depreciation has been recorded for the current year All amounts are VAT inclusive unless otherwise stated All suppliers are registered VAT vendors. Vehicles . On the 31st of July 2019, a new car was purchased from Green Motors for R253 000 A 20% deposit was paid on the date of purchase and the balance is to be financed by a bank loan The vehicle was available for use on the 31st August 2019 affer acquiring the necessary finance but unfortunately brought into use on the 19th September 2019 . On the 30th of November 2019 a vehicle that cost R126 500 was sold it was bought on 015 May 2017 at a cost of R160 000 (VAT excluded) and was available for use on the same day Machinery: The machine in the trial balance was bought on the 15th May 2017 at a total cost of R500 000 (VAT excluding) with no residual value This machine had a capacity to produce 55 000 units For the year ending 28 February 2018, 2019 and 2020 the number of units produced was 11 000 14 000 and 15 000 units in the three respective years. On the 28th February 2020, Jemima Enterprises sold this machine for R83 000 (VAT excluding) to Croxley Enterprises Depreciation has not yet been processed since it has been brought into use A new machine was ordered on the 30th April 2019 and paid for R437 000 (imported from Italy) On arrival, a stabilizer was fitted to the machine to ensure that it would be suitable for use in the business. The stabilizer costs R73 000 (VAT Excluded) and was paid in cash. The business also paid a labour cost of R18 400 for the conversion of the machine in the current year a total of 6 000 units was produced from the day the machine was brought into use. It has been estimated that the machine will be able to produce 40 000 units You are required to: 08:36 ENG 2020/11/20 the machine to ensure that it would be suitable for use in the business The stabilizer COSIS RTS U0U (VAT Excluded) and was paid in cash The business also paid a labour cost of R18 400 for the conversion of the machine. In the current year a total of 6 000 units was produced from the day the machine was brought into use. It has been estimated that the machine will be able to produce 10 000 units You are required to: Prepare the non-current assets note to the financial statement as at 28 February 2020 FILL IN THE MISSING AMOUNT, DO NOT USE SPACE, RAND, OR DECIMALS WITH AMOUNTS EQUIPMENT VEHICLES MACHINE Carrying value 01 March 2019 Cost Accumulated Depreciation Movements Additions Disposal Depreciation Carrying value 28 February 2020 Cost Accumulated Depreciation Question 1 of 7 Moving to another question will save this response DO 400 ENG 08:37 20/11 to search Shapes SmartArt Chart Screenshot Hyperlink Bookmark Cross-reference Header Footer Page Number Illustrations Links Header & Footer Text Quick WordArt Drop Box Parts " Text Jemima Enterprises have below the extract from the trial balance as 28 February 2019. Details Debit Credit Equipment 600 000 Accumulated depreciation ? Vehicles 450 000 Accumulated depreciation 150 000 Machinery 500 000 Accumulated depreciation ? Extract of the statement of financial position of Jemima Enterprises as at 28 February 2019. Non-current assets Equipment R320 000 Vehicle R300 000 Machinery ? are Clip Shapes SmartArt Chart Screenshot Hyperlink Bookmark Cross-reference Header Footer Page Art Number Illustrations Links Header & Footer Text Quick WordArt Drop Box Parts Obje Text Additional information- Depreciation on equipment is calculated at 20% p.a on the reducing balance method. Vehicles are depreciated at 20% p.a on the straight line method. The company considers the residual value on the vehicle to be 25% on cost. Depreciation on machinery is calculated based on the units of that machine produces. No depreciation has been recorded for the current year. All amounts are VAT inclusive unless otherwise stated. All suppliers are registered VAT vendors. Vehicle information On the 31 of July 2019 a new car was purchased from Green Motors for R253 000 a 20% deposit was paid on the date of the purchase and the balance is to be financed by a bank loan. The vehicle was available for use on the 31 August 2019 after acquiring the necessary finance but unfortunately brought into use on the 19 September 2019. On the 30 November 2019 a vehicle that cost R126 500 was sold it was bought on the 01 May 2017 at a cost of R160 000 (VAT excluded) and was available for use on the same day. Machinery information Word God ALTIN Maiting Review VIEW artArt Chart Screenshot Hyperlink Bookmark Cross-reference Header Footer Page Number Hons US Header & Footer Ter Quick WordArt Drop BOX Parts - Cap Text Machinery information. - The machine on trial balance was bought on the 15 May 2017 at a total cost of R500 000 (VAT excluding) with no residual value. This machine had a capacity to produce 55 000 units for the year ending 28 February 2018- 2019 and 2020 the number of units produced was 11 000-14 000 and 15 000 units in the three respective years. Jemima Enterprises sold the machine for R83 000(VAT excluding) to Croxley Enterprises. Depreciation has not been processed since it has been brought into use. - A new machine was ordered on the 30 April 2019 and paid for R437 000(imported from Italy). On arrival a stabilizer was fitted to machine to ensure that it would be suitable for use in the business. The stabilizer cost R73 000(VAT excluded) and was paid in cash. The business also paid a labour cost of R18 400 for the conversion of the machine. In the current year a total of 6 000 units was produced from the day the machine was brought into use. It has been estimated that the machine will produce 40 000 units. YOU ARE REQUIRED TO. Prepare the non-current assets note to the following financial statement as at 28 February 2020. TE CI Mailings REVIEW View SmartArt Chart Screenshot Hyperlink Bookmark Cross-reference Header Footer Page - - Number Header & Footer Text Quick WordArt Drop Box Parts Cap Text trations Links FILL IN THE MISSING AMOUNT-DO NOT USE SPACE-RAND OR DECIMALS WITH AMOUNTS. Equipment Vehicle Machine Carrying value at 01 march 2019 Cost Accumulated depreciation Movement Additions Disposals Depreciation Carrying value at 28 February 2020 Cost Accumulated depreciation