Question: please urgently help. Invaders Ltd recently purchased a cutting machine from one of its suppliers. The machine was purchased on 01 March 2019 and brought
please urgently help.

Invaders Ltd recently purchased a cutting machine from one of its suppliers. The machine was purchased on 01 March 2019 and brought into use on 01 May 2019. The financial year end of the company is 28 February. The following costs were incurred relating to the purchase of the machine: The machine has a residual value of R80000 and will be depreciated using the units of production method. The machine is expected to produce a total of 9000000 units over its useful life of 10 years. The following table indicates the number of units produced over a 3-month period: You are required to: a) Calculate the cost to be capitalised to the machinery account. (6 marks) b) Provide the journal entries for the depreciation for the years ended 28 February 2020 and 2021 . (10 marks) c) Prepare an extract of the Statement of Financial Position to reflect the machinery as at 28 February 2021. (4 marks)
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