Please help with PPE note calculations and depreciation.<\/p>
<\/p>
Question: Furniture and vehicles were purchased on 1 July 207 at a cost of R92 000 and R345 000,respectively. Depreciation is written off on furniture at 12,5% per year on cost and on vehicle 20% per year on diminishing balance method. The residual value on motor vehicles is R23 000 per vehicle. <\/p>
As at 30June 2019, the recoverable amount of furniture was R50 150.<\/p>
the fair value less costs to sell and value in use of vehicles were R264 500 and R207 000, respectively.<\/p>
The necessary write offs for the current year stil need to be provided for.<\/p>
please do step by step answers.<\/p>", "transcribed_text": "", "related_book": { "title": "Auditing and Assurance Services", "isbn": "978-1259573286, 1259573281, 978-1260152166", "edition": "7th edition", "authors": "Timothy Louwers, Allen Blay, David Sinason, Jerry Strawser, Jay Thibodeau", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/1263.jpg", "uri": "\/textbooks\/auditing-and-assurance-services-7th-edition-1263", "see_more_uri": "" }, "free_related_book": { "isbn": "B087SKQ8CC", "uri": "\/textbooks\/a-step-above-50-easy-diy-disinfectant-sprays-1st-edition-979-8642830222-266454", "name": "A Step Above 50 Easy Diy Disinfectant Sprays", "edition": "1st Edition" }, "question_posted": "2024-06-28 04:47:32", "see_more_questions_link": "\/study-help\/questions\/business-business-communication-2023-February-20", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/assume-that-you-are-the-financial-statement-auditor-in-the", "description": "Assume that you are the financial statement auditor in the following independent cases, and you are completing your audit in February 20X2. 1. 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