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FAC2601 ASSIGNMENT 2 YEAR 2024 semester 1 ....CALL/APP
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THE DOCUMENT ABOVE HAS SOLUTIONS FOR ASSIGNMENT 2 YEAR 2024.............................FOR MORE CALL/APP
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FAC2601 ASSIGNMENT 2 – SEMESTER 1 OF2022
Notes to the Financial Statements of Bell Crest Ltd for the year ended 30 June
2020
Property, Plant & Equipment
Land Buildings Plant & Furniture &
Machinery Equipment
R R R R
Carrying amount at beginning of year 800 000 1 025 000 2 100 000 480 000
Cost (6) 800 000 1 200 000 3 733 333 600 000
Accumulated Depreciation (2.1) - (175 000) (1 633 333) (120 000)
Additions at cost 700 000 1 275 000 - -
Revaluation (1) 50 000 - - -
Depreciation capitalized (4) - 17 578 (17 578) -
Depreciation [(5.1), (5.2) & (5.3)] - (94 469) (299 089) (60 000)
Disposal at carrying amount (7) - - (958 333) -
Carrying amount at end of year 1 550 000 2 223 109 825 000 420 000
Cost / Valuation (8) 1 550 000 2 492 578 1 955 555 600 000
Accumulated Depreciation - (269 469) (1 130 555) (180 000)
The land was revalued for the first time on 1 October 2019 by Mr Blog, an independent
sworn appraiser to a fair value amount.
Calculations
1. Revaluation =
=
2. Accumulated Depreciation – Beginning of year
2.1. Buildings =( )
=
2.2.
3. Additions to buildings =
=
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