UNIT 2 ASSIGNMENT ASSIGNMENT The purpose of this assignment is to assist you to integrate the concepts you have learnt in Unit 1. Instructions Step 1: Read through the question and prepare your solution. This can be either be a handwritten solution or electronically (Word or Excel). Step 2: Use your solution to answer the multiple-choice questions online. Some of the questions relate to the solution you have prepared. This is essential as you have only 30 minutes to answer the multiple choice questions. You will have only two attempts at the online quiz. ASSIGNMENT 2 PART A Beemer Limited purchased a delivery vehicle on 1 June 2017 for 1 725 000 (including 15% VAT) for the purpose of delivering vehicles to customers nationwide. The delivery van has a residual value of R100 000. At acquisition the following significant components (amounts excluding VAT) were determined: The engine was valued at R250 000 with an estimated useful life of 15 years and a residual value of zero. The delivery vehicle would require inspections every 18 months at an estimated cost of R200 000 per inspection. The cost of the first inspection is included in the delivery van purchase price