FAC2601 EXAM ANSWERS DUE 03 JUNE 2025 COMPLETE ANSWERS PASS GUARANTEED

Question 1 C



Question 2 C



Question 3 C



Question 4 D



Question 5 D

, (a) DDP Ltd – Asset Section of the Statement of Financial Position

As at 31 December 2024

Assets Note R
Non-current assets
Property, plant and equipment 1 7 296 875
Investment property 2 3 500 000
Right-of-use asset 3 2 453 090
Financial assets at FVPL 4 90 000
Financial assets at FVOCI 4 60 000
Loan receivable 5 93 750
Total non-current assets 13 493 715
Current assets
Inventories 6 1 529 250
Trade and other receivables 2 352 000
Bank (overdraft) (630 000)
Total current assets 3 251 250
Total assets 16 744 965


(b) DDP Ltd – Note to the Financial Statements

Note 1: Property, Plant and Equipment (IAS 16)
For the year ended 31 December 2024

Class of Asset Land Buildings Motor Vehicles Machinery Furniture & Fittings Total
Cost / Valuation
Opening balance 1 425 000 - 2 625 000 1 800 000 900 000 6 750 000
Additions - 3 600 000¹ 337 500 562 500 - 4 500 000
Disposals - - (225 000) - - (225 000)
Transfers (to building) - - - (1 050 000²) - (1 050 000)
Revaluation adjustment 1 575 000³ - - - - 1 575 000