You are required to: Q.4.1 Calculate the carrying amounts of each asset class and showcase the disclosure in (25) Non-current assets as at 30 November 2020. Show all workings and round off all Answers to the nearest Rand. Q.4.2 Calculate the total Accumulated depreciation balance as at 30 November 2020. (5) Question 4 (Marks: 30) You are the owner of a new proudly South African Shoe manufacturer and have the following property, plant and equipment in your business: Motor vehicles, Building in Melrose Arch and Machinery. Your Accountant is on leave and you need to prepare your month end Management accounts for your investor's inspection. Motor Vehicles: Your business has 3 Vehicles which were bought at the beginning of 2020 (3 January) for R1 800 000.00 (Each vehicle is worth R600 000.00 and vat OF 15% was included in the purchase price). The vehicles are used to deliver the shoes in the business. Each Vehicle had branding done by DM brands for R15 000.00 each on the 3rd of January. The cars also incurred a cost of R1 500.00 each for licence and registration. The cars are depreciated on a straight-line basis over 5 years (Vat was levied on the branding and licence registration costs). Building in Melrose Arch: The building was purchased on 1 December 2017 for an amount of Rs 500 000.00 on credit using a loan from Bank Monash. The building is depreciated on a diminishing method basis over 20 years. During 2020 the building was looking a bit grey and paint work of R65 000.00 was incurred. Machinery: On 1 March 2020, state-of-the-art machinery was purchased from Germany, at a cost of R2 500 000.00, and was paid cash. The machinery incurred R17 000.00 Import and custom duties and required a specialist to install the machine. The machine was ready for use on the 15th of March 2020. The specialist charged the business R25 000.00 to install the machine over 14 days. The machine is depreciated over 8 years using straight line method (All amounts incurred for this machine are vat exclusive) Additional Information: The business had office equipment and furniture with a carrying amount of R195 000.00 at 30 November 2020. This office equipment was initially bought for R365 000.00, years ago Computer equipment had a cost value of R20 000.00 and accumulated depreciation of R18 500.00 at 30 November 2020. You are required to: Q.4.1 Calculate the carrying amounts of each asset class and showcase the disclosure in (25) Non-current assets as at 30 November 2020. Show all workings and round off all Answers to the nearest Rand. Q.4.2 Calculate the total Accumulated depreciation balance as at 30 November 2020. (5) Question 4 (Marks: 30) You are the owner of a new proudly South African Shoe manufacturer and have the following property, plant and equipment in your business: Motor vehicles, Building in Melrose Arch and Machinery. Your Accountant is on leave and you need to prepare your month end Management accounts for your investor's inspection. Motor Vehicles: Your business has 3 Vehicles which were bought at the beginning of 2020 (3 January) for R1 800 000.00 (Each vehicle is worth R600 000.00 and vat OF 15% was included in the purchase price). The vehicles are used to deliver the shoes in the business. Each Vehicle had branding done by DM brands for R15 000.00 each on the 3rd of January. The cars also incurred a cost of R1 500.00 each for licence and registration. The cars are depreciated on a straight-line basis over 5 years (Vat was levied on the branding and licence registration costs). Building in Melrose Arch: The building was purchased on 1 December 2017 for an amount of Rs 500 000.00 on credit using a loan from Bank Monash. The building is depreciated on a diminishing method basis over 20 years. During 2020 the building was looking a bit grey and paint work of R65 000.00 was incurred. Machinery: On 1 March 2020, state-of-the-art machinery was purchased from Germany, at a cost of R2 500 000.00, and was paid cash. The machinery incurred R17 000.00 Import and custom duties and required a specialist to install the machine. The machine was ready for use on the 15th of March 2020. The specialist charged the business R25 000.00 to install the machine over 14 days. The machine is depreciated over 8 years using straight line method (All amounts incurred for this machine are vat exclusive) Additional Information: The business had office equipment and furniture with a carrying amount of R195 000.00 at 30 November 2020. This office equipment was initially bought for R365 000.00, years ago Computer equipment had a cost value of R20 000.00 and accumulated depreciation of R18 500.00 at 30 November 2020