The following information relates to Tabita Ltd. The financial year ended on 28 February 2023. REQUIRED:...

 

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The following information relates to Tabita Ltd. The financial year ended on 28 February 2023. REQUIRED: 1.1 Refer to Information B. Calculate the missing amounts denoted by (a) to (e). B: Non-current Assets Land Cost Accumulated depreciation Carrying value (01/03/2022) Movements Additions Disposal Depreciation Carrying value (28/02/2023) 2,550,000.00 Cost Accumulated depreciation (a) 325,000.00 Vehicles 350.000.00 (315,000.00) 35,000.00 422.550.00 (b) (c) 772,550.00 Equipment 460,000.00 Extract from the Fixed Assets Register in respect of equipment sold. Fridge (Model X3) Date purchased: 1 March 2020 Date sold: 31 December 2022 Sold for: R81 250 Depreciation rate: 10% p.a. (diminishing-balance method) (0) (13.766.00) 50,994.00 340,000.00 Total (0) Depreciation on vehicles is calculated at 20% p.a. on cost The company has two vehicles on 25 February 2023. One of these vehicles was purchased on 1 September 2022 ENG The following information relates to Tabita Ltd. The financial year ended on 28 February 2023. REQUIRED: 1.1 Refer to Information B. Calculate the missing amounts denoted by (a) to (e). B: Non-current Assets Land Cost Accumulated depreciation Carrying value (01/03/2022) Movements Additions Disposal Depreciation Carrying value (28/02/2023) 2,550,000.00 Cost Accumulated depreciation (a) 325,000.00 Vehicles 350.000.00 (315,000.00) 35,000.00 422.550.00 (b) (c) 772,550.00 Equipment 460,000.00 Extract from the Fixed Assets Register in respect of equipment sold. Fridge (Model X3) Date purchased: 1 March 2020 Date sold: 31 December 2022 Sold for: R81 250 Depreciation rate: 10% p.a. (diminishing-balance method) (0) (13.766.00) 50,994.00 340,000.00 Total (0) Depreciation on vehicles is calculated at 20% p.a. on cost The company has two vehicles on 25 February 2023. One of these vehicles was purchased on 1 September 2022 ENG