all ans me plz Lursaries and Graduate ProgtamiieA firm owns a fleet of vehides acquired at a total cost of R480 000. Accumulated depreciation up to the beginning ofthe current year is R212 400. Vehicles are depreciated at 25% per annum using the reducing balance method. Thewritten down value of the vehicles by the end of the current year would beSelect one:O a. R147 600O b. R66 900O C. R200 700O d. R267 600What is the value of cost of sales if: Sales R60 000; Closing stock R10 000; Opening Stock R10 000; Purchases RS0 000;Wages R20 000 and Office Rent R10 000?Select one:O a. R30 000O b. R10 000O C R70 000O d. R50 000A manufacturer owns three machines - the first acquired on 1.1.2006 for R110 000, the second on 1.7.2008 for R90 000,and the third on 1.10.2010 for R130 000. He expects to use each machine for ten years and realise the scrap for R10000. Using the straight-line method, what is his depreciation for the year ended 31.12.2010?Select one:O a. R30 000O b. R33 000c R21 000

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A firm owns a fleet of vehides acquired at a total cost of R480 000. Accumulated depréciati the current year is R212 400. Vehicles are depreciated at 25% per annum using the reducing balance method. The written down value of the vehicles by the end of the current year would be Select one: O a. R147 600 O b. R66 900 O C. R200 700 O d. R267 600

A firm owns a fleet of vehides acquired at a total cost of R480 000. Accumulated depréciati the current year is R212 400. Vehicles are depreciated at 25% per annum using the reducing balance method. The written down value of the vehicles by the end of the current year would be Select one: O a. R147 600 O b. R66 900 O C. R200 700 O d. R267 600

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter22: Accounting For Changes And Errors.

Section: Chapter Questions

Problem 7RE: Bliss Company owns an asset with an estimated life of 15 years and an estimated residual value of...

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