EXPECTED SOLUTIONS
TUTORING FOR FAC,MAC,ECS,STA,DSC,TAX, FIN ,INV,QMI, BNU,MNG,MNB,BSM, CLA
whatsapp me on+27737560989
EMAIL:
, HLUBE LTD
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
(a) Property, Plant and Equipment (Motor Vehicles Column Only)
Description Motor Vehicles (R)
Carrying amount at 1 July 2024 204 285
Cost 440 000
Accumulated depreciation (235 715)
Movements during the year
Additions 336 000
Disposals at carrying amount (205 715 - 119 715) (86 000)
Depreciation for the year (24 000 + 46 857 + 28 000) (98 857)
Carrying amount at 30 June 2025 355 428
Cost (440 000 - 205 715 + 336 000) 570 285
Accumulated depreciation (235 715 - 119 715 + 98 857) (214 857)
Workings for Motor Vehicles:
Depreciation on sold vehicle: (205 715 cost × 20% × 7/12 months) = 24 000.
Accumulated depreciation on sold vehicle: (95 715 opening + 24 000 current) =
119 715.
TUTORING FOR FAC,MAC,ECS,STA,DSC,TAX, FIN ,INV,QMI, BNU,MNG,MNB,BSM, CLA
whatsapp me on+27737560989
EMAIL:
, HLUBE LTD
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
(a) Property, Plant and Equipment (Motor Vehicles Column Only)
Description Motor Vehicles (R)
Carrying amount at 1 July 2024 204 285
Cost 440 000
Accumulated depreciation (235 715)
Movements during the year
Additions 336 000
Disposals at carrying amount (205 715 - 119 715) (86 000)
Depreciation for the year (24 000 + 46 857 + 28 000) (98 857)
Carrying amount at 30 June 2025 355 428
Cost (440 000 - 205 715 + 336 000) 570 285
Accumulated depreciation (235 715 - 119 715 + 98 857) (214 857)
Workings for Motor Vehicles:
Depreciation on sold vehicle: (205 715 cost × 20% × 7/12 months) = 24 000.
Accumulated depreciation on sold vehicle: (95 715 opening + 24 000 current) =
119 715.
