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 noncurrent assets for the year
ended February :
Plant and equipment cost March R
Accumulated depreciation March R
Motor vehicles cost March R
Accumulated depreciation March R
Additional information:
Plant and equipment are depreciated at per annum on the diminishing balance
method.
Motor vehicles are depreciated on the straightline method at per annum.
A new motor vehicle costing R was purchased on September
Required :
Calculate the depreciation on plant and equipment for the year ended
February
Calculate the depreciation on old motor vehicles for the year ended
February
Calculate the depreciation on the new motor vehicle purchased for the year
ended February
Calculate the carrying amount of plant and equipment on February
Calculate the carrying amount of motor vehicles on February
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