)Thenon-currentassetsofJumbolimitedasat1stMay2018wasasfollows;

Costsh.000

AccumulatedDep.Sh.000

Land

440,000

-

PlantandEquipment

700,320

270,560

MotorVehicles

517,600

168,800

Fixturesandfittings

100,000

25,600

AdditionalInformation

a)Thecompanyusesastraightlinemethodofdepreciationatthefollowingrates;

PlantandEquipment

10%

Motorvehicles

20%

Fixturesandfittings

12.5%

b)Itisthepolicyofthecompanytoprovideforafullyeardepreciationintheyearof

purchaseofanassetandnonintheyearofdisposal.

c)Landwasrevaluedatsh.780,000,000duringtheyear.

d)Amotorvehicleboughton1stJan2016forsh.680,000wastradedinon1stJuly2018at

avalueofsh.352,000inpartexchangeforanewmotorvehiclecostingsh.1,120.000.

e)Fixturesandfittingsincludeanitemwhichisalreadyfullydepreciatedandnolongerin

use,itscostwassh.200,000

f)On1stJanuary2019thecompanypurchasedplantandequipmentatacostofsh.

12,000,000.

i.

Provisionfordepreciationonplantandequipmentaccount

(2Marks)

ii.

Provisionfordepreciationonmotorvehiclesaccount

(2Marks)

iii.

Provisionfordepreciationonfixturesandfittingsaccount.

(2Marks)

iv.

Noncurrentassetmovementschedulefortheyearended30thApril2019(12Marks)