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Question 4 Study the scenario and complete the questions that follow: Black Star Limited The extract from the financial records of ABC Limited on 30

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Question 4 Study the scenario and complete the questions that follow: Black Star Limited The extract from the financial records of ABC Limited on 30 June 2019 shows the following regarding their assets: Account Balance Land and buildings @ cost 250 000 Motor vehicle A @ cost 125 000 Motor vehicle B @ cost 55 000 Accumulated depreciation: Motor vehicle A 15 200 Accumulated depreciation: Motor vehicle B 5 500 The following information is applicable: COAGB1-B44 - Take-Home Assessment Paper Block 4 2021 V1.0 Page 6 of 9 ABC Limited purchased an additional piece of land, R50 000, on 31 January 2019. All entries regarding this transaction have already been made. Motor vehicle B was sold on 30 June 2019. No depreciation has been written off on vehicles at 10% on the straight-line method for the financial year. Source: Adapted from Klopper, J. 2020 Screenshot Required 4.1 Prepare the property, plant and equipment (PPE) note for ABC Limited on 30 June 2019. No total column is required. (14 Marks) 4.2 Calculate the amount that would be reflected under the property, plant and equipment line in the Statement of Financial Position on 30 June 2019. (1 Mark)

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