Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 05, 2024

QUESTION 1.1 The pre-adjusted trial balance as at 30 September 2023 (financial year-end) shows the following balances: R Vehicles 840 000 Accumulated depreciation: vehicles 420

QUESTION 1.1

The pre-adjusted trial balance as at 30 September 2023 (financial year-end) shows the following balances:

	R
Vehicles	840 000
Accumulated depreciation: vehicles	420 000

Depreciation method for vehicles: 25% on cost.

A vehicle with a cost price of R120 000 was purchased on 1 August 2023.

Calculate the total depreciation for vehicles for the year ending 30 September 2023. (input your answer without any currency symbol or spaces) Round your answer to the nearest rand and ignore VAT.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

Step: 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

Health And Safety Environment And Quality Audits

Authors: Stephen Asbury

3rd Edition

0815375395, 978-0815375395

More Books

Students also viewed these Accounting questions

Question

★★★★★

Mr. Sandstroms will directed that $20,000 be placed in each of two investment trusts for his grandchildren, Lena and Axel. On each grand- childs eighteenth birthday, he or she is to receive the first...

Answered: 1 week ago

Question

★★★★★

Princess Cruises recently offered a 16-day voyage from Beijing to Bangkok during the time period from May to August. The announced price, excluding airfare, for a room with an ocean view or a balcony...

Answered: 1 week ago

Question

★★★★★

4. Rumor has it that DreamWorks is planning a remake of Akira Kurosawas Ikiru possibly starring Tom Hanks, with Steven Speilberg as either producer or director. Watch the original Ikiru and consider...

Answered: 1 week ago

Question

★★★★★

A small printing shop has ten jobs that it must schedule. The processing times and due dates for each job are summarized in the following table. a. Suppose the jobs are scheduled in ascending order...

Answered: 1 week ago

Question

★★★★★

Consider the following for ROK Company Sales: $ 1 , 1 1 0 , 0 0 0 Cost of Goods Sold: 5 5 0 , 0 0 0 Operating Expenses: 2 2 5 , 0 0 0 Loss on Sale of Asset: 1 1 0 , 0 0 0 Income from operations of a...

Answered: 1 week ago

Question

★★★★★

(b) The partners are entitled to interest at 15% p.a. on their capital balances. Note: Raymond decreased his capital contribution by R200 000 on 31 August 2022 REQUIRED Use the information provided...

Answered: 1 week ago

Question

★★★★★

What is the overhead application rate per direct labor hour? * (1 Point) BREAD Co. uses a job order costing system. At the beginning of January, the company had 2 jobs in process with the following...

Answered: 1 week ago

Question

★★★★★

Feedback Print A 5 nC charge is located at the origin. What are the electric fields at the positions A = (10 cm, 0 cm), B = (-10 cm, 10 cm), and C = (-10 cm, -10 cm)? Write each electric field vector...

Answered: 1 week ago

Question

★★★★★

A History Achievement Test out of 80 points is administered to a Grade 10 class of 30 students. Their scores are randomly listed below. 78 46 61 49 58 61 64 58 55 80 40 52 78 55 63 55 49 59 64 58 53...

Answered: 1 week ago

Question

★★★★★

Compute the Adjusted R-Squared value for Model 1. Discuss why Adjusted R-squared and the R-squared values are different. Model 1 Let's consider the following R output for a regression model which we...

Answered: 1 week ago

Question

★★★★★

You are the IT administrator for a small corporate network. The company has a single Active Directory domain named CorpNet.local. You need to increase the domain's authentication security. You need...

Answered: 1 week ago

Question

★★★★★

1 Learning from some of the measures taken by Eskom, AECI and Germiston City Council, what could a foreign company like Colgate Palmolive do to contribute to the development of human potential within...

Answered: 1 week ago

Question

★★★★★

Achievementascription. Quite often more traditional societies accord status according to ascription. Again, this may influence recruitment and promotion policies that may be at variance with...

Answered: 1 week ago

Question

★★★★★

Indian managers at both middle and senior levels in organizations profess a belief in group-based, participative decision making, but have little faith in the capacity of workers for taking...

Answered: 1 week ago

Previous Question Next Question