Calculate the amount to be disclosed in the property

Assignment Help Financial Accounting

Reference no: EM133496979

Case: R Ltd is the company that started operating on the 1st January 2018. At its inception, the company bought a delivery vehicle with the cost of R200 000 and it is depreciated at 20% p.a. using a straight-line method and the residual value is R 10 000. On the 30 June 2019, the company bought an equipment to the value of R 25 000 and it is depreciated at 10% p.a. using diminishing balance method to nil residual value.

Required:

Calculate the amount to be disclosed in the Property, Plant and Equipment in the statement of Financial Position of R Ltd on 31 December 2019

Reference no: EM133496979

Questions Cloud

List some of the key drivers and some of the challenges : List some of the key drivers and some of the challenges of employing telemedicine applications in a healthcare organization.

How would you respond to such a concern : In considering the sometimes blurry, shifting, or unclear lines between virtual reality and actual reality, how would you respond to such a concern?

Attend to maintain their membership : Search and find out what is the minimum CPD per year FBAA members are required to attend to maintain their membership

What type of external resources would be recommended : what type of external resources would be recommended to be established immediately and included in a company's marketing brochures as a value-added

Calculate the amount to be disclosed in the property : Calculate the amount to be disclosed in the Property, Plant and Equipment in the statement of Financial Position of R Ltd on 31 December 2019

Discuss what you learned based on the labsim activities : Discuss what you learned based on the LabSim activities, supplemental readings, and use of academic resources.

How the theories can help understand your specific conflict : How these theories can help understand your specific conflict and how they can serve as a basis for intervention?

Which statement best describes a capitalist economy : Which of the following is not a central focus of the "economic perspective The satisfaction or pleasure one gets from consuming a good or service

What do authors mean when they say certain individuals fail : In the article 'I Suck at Everything': Crime, Arrest, and the Generality of Failure. What do the authors mean when they say certain individuals fail at crime?

User Account

All Pages