FAC3702 ASSIGNMENT OF 2021
1. 4
R
Cost (2 279 500 + 12 666) 2 292 166
2 292 166 30 (197 601)
Accumulated Depreciation ( 29 ∗ 12)
Carrying amount 2 094 565
2. 2
R
Cost of aircraft 4 774 863
𝐹𝑉 = 5 000 000
𝑛=6
9.25
𝑖=
12
𝑷𝑽 = 𝑹𝟒 𝟕𝟕𝟒 𝟖𝟔𝟑
Inspection costs 250 000
Total cost 5 024 863
3. 5
R
Cost (385 000 ∗ 96.5%) 371 525
371 525 11 (68 113)
Amortisation – 31 December 2019 ( 5 ∗ 12)
Carrying amount – 31 December 2019 303 412
𝟑𝟎𝟑 𝟒𝟏𝟐 101 137
Amortisation – ( )
𝟑
4. 1
Expensed = (35 000 ∗ 2 ∗ 3) = 𝑹𝟐𝟏𝟎 𝟎𝟎𝟎
Capitalised = [(35 000 ∗ 2 ∗ 3) + 35 000] = 𝑹𝟐𝟒𝟓 𝟎𝟎𝟎
5. 2
1. 4
R
Cost (2 279 500 + 12 666) 2 292 166
2 292 166 30 (197 601)
Accumulated Depreciation ( 29 ∗ 12)
Carrying amount 2 094 565
2. 2
R
Cost of aircraft 4 774 863
𝐹𝑉 = 5 000 000
𝑛=6
9.25
𝑖=
12
𝑷𝑽 = 𝑹𝟒 𝟕𝟕𝟒 𝟖𝟔𝟑
Inspection costs 250 000
Total cost 5 024 863
3. 5
R
Cost (385 000 ∗ 96.5%) 371 525
371 525 11 (68 113)
Amortisation – 31 December 2019 ( 5 ∗ 12)
Carrying amount – 31 December 2019 303 412
𝟑𝟎𝟑 𝟒𝟏𝟐 101 137
Amortisation – ( )
𝟑
4. 1
Expensed = (35 000 ∗ 2 ∗ 3) = 𝑹𝟐𝟏𝟎 𝟎𝟎𝟎
Capitalised = [(35 000 ∗ 2 ∗ 3) + 35 000] = 𝑹𝟐𝟒𝟓 𝟎𝟎𝟎
5. 2
