marks; 45 minutes) mation relates to DBN Ltd. The company sells household products. The year ended on 29 February 2024 RED: Refer to information A. The bookkeeper has recorded all the entries regarding fixed assets in the books. Complete the amounts denoted by (i) to (iii) on the Fixed Asset Note. Refer to information C and D. Calculate the correct net profit after tax for the year ended 29 February 2024. Indicate (+) for increase and (-) for decrease, next to each amount. Complete the Statement of Financial Position on 29 February 2024. NOTE: Some amounts are provided in the ANSWER BOOK. ORMATION: Fixed assets: Buildings R Vehicles R Equipment R Carrying value: (01/03/2023) Cost 249 850 (0) 436 000 Accumulated depreciation Movements! Additions (at cost) 0 200 000 0 Disposals (at carrying value) (420 000) 0 Depreciation (11) (i) (32 000) Carrying value: (29/02/2024) 9 421 300 Cost 780 000 356 000 Accumulated depreciation Depreciation is calculated as follows: (12) (13) (30) Vehicles: 15% p.a. on cost Equipment: 20% on the diminishing-balance method A new vehicle was bought on 1 October 2023. 5-200X 1610X5/12 0-040 800-784CCC Extract from the Fixed Assets Register in respect of equipment sold: KINOPA MWALIMU 234 Cost price: R80 000 Date purchased: 1 September 2021 Date sold: 31 May 2023 28 February 2022 28 February 2023 31 May 2023 right reserved Sold for: R53 000 CARRYING VALUE R72 000 R57 600 ? Please turn over​



Answer :

Other Questions