Question: Please assist with the below homework question. Kumba Traders provided the following information regarding non - current assets for the year ended 2 9 February

Please assist with the below homework question.
Kumba Traders provided the following information regarding non-current assets for the year
ended 29 February 2024:
Plant and equipment - cost (1 March 2023) R240000
Accumulated depreciation (1 March 2023) R86400
Motor vehicles - cost (1 March 2023) R180000
Accumulated depreciation (1 March 2023) R36000
Additional information:
Plant and equipment are depreciated at 20% per annum on the diminishing balance
method.
Motor vehicles are depreciated on the straight-line method at 20% per annum.
A new motor vehicle costing R60000 was purchased on 1 September 2023.
*Required* :
1. Calculate the depreciation on plant and equipment for the year ended 29
February 2024.
2. Calculate the depreciation on old motor vehicles for the year ended 29
February 2024.
3.Calculate the depreciation on the new motor vehicle purchased for the year
ended 29 February 2024.
4. Calculate the carrying amount of plant and equipment on 29 February 2024.
5. Calculate the carrying amount of motor vehicles on 29 February 2024

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