Calculate the carrying value of vehicles at the end of the year Balances on 28 February 2021

Calculate the carrying value of vehicles at the end of the year

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Balances on 28 February 2021 Balance sheet section Vehicles at cost Equipment at cost Inventory Provision for bad debts Nominal accounts section R 90 000 R 50 000 R 100 000 2 000 Bad debts telephone Adjustment Annual depreciation on equipment vehicles is calculated at 15% p.a. R R 500 1 500 Balances on 28 February 2021 Balance sheet section Vehicles at cost Equipment at cost Inventory Provision for bad debts Nominal accounts section R 90 000 R 50 000 R 100 000 2 000 Bad debts telephone Adjustment Annual depreciation on equipment vehicles is calculated at 15% p.a. R R 500 1 500

Answer rating: 100% (QA)

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