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TASKS: Task A You have been presented with the following extract from the accounts for the year ended 30 September 2019 of Smilie Nyero a

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TASKS: Task A You have been presented with the following extract from the accounts for the year ended 30 September 2019 of Smilie Nyero a sole trader. Bank Balance Capital Credit Sales Drawings Electricity and Gas Plant and Machinery at Cost Loan due for Repayment 21.10.2025 Loan Interest paid Motor Vehicles at Cost Motor Vehicles Expenses Opening Inventory Purchases 10,300 125,000 500,000 30,500 9,300 153,250 200,000 15,000 44,000 10,400 32,500 250,300 Additional information: The Motor Vehicles and plant and Machinery need to be depreciated. I. Motor Vehicles will be depreciated at 25% reducing balance. II. Plant and Machinery will be depreciated over eight years. 1. Calculate the annual depreciation that should be charged to the Statement of Profit or Loss (Income Statement) for Smilie Nyero for the year ended 30 September 2019. (5 marks) 2. What are the carrying amounts of the non-current assets that will be shown in the Statement of Financial Position at 30 September 2019? (5 marks) (Total Marks 10)

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