REQUIRED:

$1\mathrm{.}1)$ With reference to the information under Solar panel production line, discuss

whether you agree with the impairment journal the Financial Accountant pro$-$

cessed.

Clearly indicate reasons why you agree or disagree with the journal processed

by Green Coil $($Pty$)$ Ltds Financial Accountant. Include any correcting journals

$($i$.$e$.$ do not redo all the journals, only correcting journals$)$ that may be required

in the records of Green Coil $($Pty$)$ Ltd$.$

Include all calculations and round all amounts$/$figures to the nearest

Rand$/$percentage where applicable.

Ignore any tax implications.

$(35$ marks$)$

$1\mathrm{.}2)$ With reference to the information under Delivery truck, prepare all the general

journal entries required to account for the delivery truck in the records of Green

Coil $($Pty$)$ Ltd for the financial year ended $31$ December $2023.$

You are not required to include a journal to account for the current financial

years depreciation, you can assume that this has already been accounted

for and that it is included in the accumulated depreciation balance given.

Include all calculations and round all amounts to the nearest Rand where

applicable.

Ignore any tax implications.