Question
The following information was obtained from the pre-adjustment trial balance of super traders as of 30 June 2019. the end of the financial year. vehicles-
The following information was obtained from the pre-adjustment trial balance of super traders as of 30 June 2019. the end of the financial year.
vehicles- R300 000
equipment - R 200 000
accumulated depreciation on vehicles ( 01 July 2018) - R120 000
accumulated depreciation on equipment ( 01 July 2018)
Depreciation is calculated as follows:
-on vehicles at 20% per year using the diminishing balance method
-on equipment at 10% per year on the cost
The total carrying value of property,plant and equipment as at 30 June 2019, after taking the depreciation into account is ------------
a-R320 000
b= R276 000
c- R264 000
d-none of the above
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