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The following information was extracted from the accounting records of Lele Plastics: Additional information At the beginning of the financial year, 1 April 20.19 ,
The following information was extracted from the accounting records of Lele Plastics: Additional information At the beginning of the financial year, 1 April 20.19 , Lele Plastics replaced its plastic shredding equipment with new glass recycling equipment that had a purchase price of R56 000 . The replaced plastic shredding machine was sold on credit for R39 800, it was the only piece of equipment in the books of Lele Plastics prior to the purchase of the new glass recycling equipment. Depreciation is provided at 10% p.a. on the straight-line method. Assuming the plastic shredding equipment was sold at a loss of R4 200, the effect of the transaction on the accounting equation will be: Instructions: Drag the correct answer into the correct space. An option can be used more than once. If an options has been provided and it is not applicable to the specific questions please put N/A in the accounts column and a 0 in the amounts column. Additional information At the beginning of the financial year, 1 April 20.19, Lele Plastics replaced its plastic shredding equipment with new glass recycling equipment that had a purchase price of R56 000 . The replaced plastic shredding machine was sold on credit for R39 800, it was the only piece of equipment in the books of Lele Plastics prior to the purchase of the new glass recycling equipment. Depreciation is provided at 10% p.a. on the straight-line method. Assuming the plastic shredding equipment was sold at a loss of R4 200, the effect of the transaction on the accounting equation will be: Instructions: Drag the correct answer into the correct space. An option can be used more than once. If an options has been provided and it is not applicable to the specific questions please put N/A in the accounts column and a in the amounts column
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