tarted on Monday, 17 April 2023, 6:00 PM
State Finished
Completed on Monday, 17 April 2023, 8:26 PM
Time taken 2 hours 25 mins
Marks 26.00/30.00
Grade 86.67 out of 100.00
Question 1
Correct
Mark 2.00 out of 2.00
Flag question
Question text
Part A (20 marks)
Questions 1 - 10 use the below information:
The following list of balances is an extract from the trial balance of
Crew Ltd on 31 December 2022:
Additional
Info R
Land at revaluation....................................................... (1) 600 000
Buildings at cost........................................................... (1 & 3) 840 000
Land at cost................................................................. (2) 700 000
Buildings at cost........................................................ (2) 650 000
Machinery and equipment at cost ................................. (3) 620 000
Motor vehicles at cost................................................... (3 & 4) 440 000
Accumulated depreciation
- Machinery and equipment.......................................... (3) ?
- Motor vehicles........................................................... (3 & 4) 277 000
Additional information:
1. Land and buildings are owner occupied and consist of land situated on Erf 15,
Pretoria East, with a factory building thereon. The land was acquired on
1 January 2020 for R480 000 and was revalued for the first time on 1 April 2022
by Mr. Cool, a sworn appraiser. The buildings were erected during September
and October 2022 at a cost of R840 000 and was completed on
31 October 2022. Machinery was withdrawn from production for the two months
State Finished
Completed on Monday, 17 April 2023, 8:26 PM
Time taken 2 hours 25 mins
Marks 26.00/30.00
Grade 86.67 out of 100.00
Question 1
Correct
Mark 2.00 out of 2.00
Flag question
Question text
Part A (20 marks)
Questions 1 - 10 use the below information:
The following list of balances is an extract from the trial balance of
Crew Ltd on 31 December 2022:
Additional
Info R
Land at revaluation....................................................... (1) 600 000
Buildings at cost........................................................... (1 & 3) 840 000
Land at cost................................................................. (2) 700 000
Buildings at cost........................................................ (2) 650 000
Machinery and equipment at cost ................................. (3) 620 000
Motor vehicles at cost................................................... (3 & 4) 440 000
Accumulated depreciation
- Machinery and equipment.......................................... (3) ?
- Motor vehicles........................................................... (3 & 4) 277 000
Additional information:
1. Land and buildings are owner occupied and consist of land situated on Erf 15,
Pretoria East, with a factory building thereon. The land was acquired on
1 January 2020 for R480 000 and was revalued for the first time on 1 April 2022
by Mr. Cool, a sworn appraiser. The buildings were erected during September
and October 2022 at a cost of R840 000 and was completed on
31 October 2022. Machinery was withdrawn from production for the two months
