The carrying value of vehicles on 01 January 2023 (the start of the financial year) was R
Fantastic news! We've Found the answer you've been seeking!
Question:
The carrying value of vehicles on 01 January 2023 (the start of the financial year) was R 1200 000. A vehicle, with a cost price of R360 000 and updated accumulated depreciation of R288 000, is planned to be sold during June 2023 at a loss of R12 000. A new vehicle a cost price of R360 000.
How much will be reflected in the pro forma statement of financial position on 31 December 2023 for the carrying value of vehicle?
Related Book For
Posted Date: