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FAC3702
Exam (elaborations) FAC3702 SUMMARISED NOTES 2 Exam (elaborations) FAC3702 EXAM PACK EXAM REVISION
[Show more]Exam (elaborations) FAC3702 SUMMARISED NOTES 2 Exam (elaborations) FAC3702 EXAM PACK EXAM REVISION
[Show more]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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Add to cartQUESTION 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...
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....
Preview 4 out of 58 pages
Add to cartLEARNING 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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