Extract of the pre-closing trial balance of THC Traders as at 30 September 2019 ...
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Accounting
Extract of the pre-closing trial balance of THC Traders as at 30 September 2019
Debit
Credit
R
R
Plant and machinery (cost)
120 000
Accumulated depreciation: plant and machinery
41 750
Equipment (cost)
90 000
Accumulated depreciation: equipment
17 100
Land and buildings (cost)
180 000
Fixed deposit (@ 7.5% p.a.)
100 000
Depreciation
38 367
Loss on sale of equipment
1 500
Interest on fixed deposit
7 500
The amounts that will be disclosed in the statement of profit or loss and other comprehensive income of THC Traders for the year ended 30 September 2019 relating to non-current assets are:
Select one:
A.
Depreciation R38 367.
B.
Interest on fixed deposit R7 500.
C.
Fixed deposit R100 000; Interest on fixed deposit R7 500.
D.
Depreciation R38 367; Loss on sale of equipment R1 500.
E.
Depreciation R38 367; Loss on sale of equipment R1 500; Interest on fixed deposit R7 500.
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