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FAC3702

Exam (elaborations) FAC3702 SUMMARISED NOTES 2 Exam (elaborations) FAC3702 EXAM PACK EXAM REVISION

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FAC3702 EXAM PACK EXAM REVISION

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QUESTION 1 The following financial information relates to ABC Limited for the year ended 30 April 2014: 1. Machine Cost Residual value Revalued amount on a net replacement value basis Date R 1 May 2011 500 000 1 May 2011 50 000 30 April 2014 410 000 Depreciation rate - 20% per annum straig...

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FAC3702 SUMMARISED NOTES

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R64,92

LEARNING UNIT 1 LEARNING OUTCOMES Once you have studied and completed this course material, you should be able to: • account for property, plant and equipment, and depreciation in the financial statements of an entity in terms of the requirements of International Financial Reporting Standards....

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