Question CW Ltd had the following balance sheets at 31 December 2019 and 2020 ASSETS Patents...

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Question CW Ltd had the following balance sheets at 31 December 2019 and 2020 ASSETS Patents 2010 R 2000 Land 124000 00000 112000 60 000 Machinery and equipment 174 000 174 000 Accumulated depreciation machinery and equipment Buildings 38 000) 290000 64 000) 440 000 Accumulated depreciation, buildings Prepaid expenses Stock Bills receivable Debtors 0 000) 4 064 54-830 90 000) 5714 70 352 20-000 175 110 78.400 Investments Bank LIABILITIES Creditors Salaries payable Bond Ordinary R10 shares Preference shares, R100 par value Ordinary share premium Retained earnings 112000 52.200 62 322 Rice 754 R1.000 600 45 154 27 000 64 474 30 000 170 000 230 000 350 000 430 000 120 000 120 000 30 000 30 000 104 600 R806 754 R1 060 698 Additional information in respect of 2007: The net income for the year, after tax of R61 074, amounted to R114 648 L 2. Dividends paid for the year, RB3024. 3. Depreciation written off for year: Buildings R30 000 Machinery and equipment R26 000 4. A building costing R30 000, fully depreciated, was abandoned 5. 6: Amortisation in respect of patents amounted to R12 000 for the year. An additional bond was acquired during the year, R180 000. 110064592-E Question CW Ltd had the following balance sheets at 31 December 2019 and 2020 ASSETS Patents 2010 R 2000 Land 124000 00000 112000 60 000 Machinery and equipment 174 000 174 000 Accumulated depreciation machinery and equipment Buildings 38 000) 290000 64 000) 440 000 Accumulated depreciation, buildings Prepaid expenses Stock Bills receivable Debtors 0 000) 4 064 54-830 90 000) 5714 70 352 20-000 175 110 78.400 Investments Bank LIABILITIES Creditors Salaries payable Bond Ordinary R10 shares Preference shares, R100 par value Ordinary share premium Retained earnings 112000 52.200 62 322 Rice 754 R1.000 600 45 154 27 000 64 474 30 000 170 000 230 000 350 000 430 000 120 000 120 000 30 000 30 000 104 600 R806 754 R1 060 698 Additional information in respect of 2007: The net income for the year, after tax of R61 074, amounted to R114 648 L 2. Dividends paid for the year, RB3024. 3. Depreciation written off for year: Buildings R30 000 Machinery and equipment R26 000 4. A building costing R30 000, fully depreciated, was abandoned 5. 6: Amortisation in respect of patents amounted to R12 000 for the year. An additional bond was acquired during the year, R180 000. 110064592-E