Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. one [25] fine-cut meats (pty) ltd purchased a deli

ONE [25] Fine-Cut Meats (Pty) Ltd purchased a delivery vehicle of R150 000 on 1...

70.2K

Verified Solution

Question

Accounting

ONE [25] Fine-Cut Meats (Pty) Ltd purchased a delivery vehicle of R150 000 on 1 June 2021 on credit. The owner was advised that the residual value of this truck is estimated at R30 000. The diminishing depreciation method was adopted by the company in utilising assets over five years. On 1 September 2021 the owner replaced equipment. The new equipment amounts to R45 000. The replaced equipment was purchased on 1 January 2018 for R30 000 and sold

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

describe the development of an individual with that condition from the point of an undifferentiated embryo...

Medical Sciences
Q

Hearing that you are the greatest wills and estates lawyer in the country, Mary Jane Watson...

Operations Management
Q

We wish to model a population of two fish species by a system of differential eqns....

Advance Math
Q

2 radius TL Figure shows a neutral metal ball of mass 50 kg and m...

Physics
Q

on a At ong 7 16 A closed rectangular tank is completely filled with water...

Physics
Q

A plane flying with a constant speed of 9 km min passes over a ground...

Geometry
Q

The frequency table describes the living arrangements for adults in a certain country Compute the...

Basic Math
Q

Circular loops in a Venn diagram divide the universe U into distinct regions No sets...

Basic Math
Q

Use the sample data and confidence level given below to complete parts a through d...

Statistics
Q

Please help with this Q before 18 9 thanks Consider the mapping function w 3z...

Algebra
Q

Metlock Inc uses a perpetual inventory system. At January 1, 2025, inventory was $419,440 at...

Accounting
Q

7. Exchange rate forecasting: Fundamental forecasting Chance Co., the parent of a US-based company, uses...

Finance