100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
FAC3762 ASSIGNMENT 3 OF 2021 SUGGESTED SOLUTION | DUE 30 AUGUST R50,00   Add to cart
Quickly navigate to
Preview
  2.  
  3. University Of South Africa (Unisa)
  4.  
  5. Advanced Diploma In Accounting Sciences (FAC3762)

Exam (elaborations)

FAC3762 ASSIGNMENT 3 OF 2021 SUGGESTED SOLUTION | DUE 30 AUGUST

 63 views  0 purchase

FAC3762 ASSIGNMENT 3 OF 2021 SUGGESTED SOLUTION | DUE 30 AUGUST | FOR MORE ASSIGNMENT SOLUTIONS VISIT STUDYMY.XYZ

Preview 1 out of 13  pages

Document information

  • August 23, 2021
  • 13
  • 2021/2022
  • Exam (elaborations)
  • Questions & answers

Subjects

Written for

All documents for this subject (9)

Seller

avatar-seller
JakeSteen

Reviews received

Content preview

FAC3762 ASSIGNMENT 2 OF 2021
QUESTION 1
(a) Notes to the annual statements of Plastics Ltd for the year ended31 December
2020

1. Profit before tax

Profit before tax is stated after taking the following into account

R
Depreciation 53 290
Total depreciation [109 430 (𝐶1) + 39 611 (𝐶2)] 149 041
Depreciation capitalised (95 751)

Net Finance Cost 20 720
Finance cost 20 720
Total interest expense [91 067 (𝐶1) + 105 787 (𝐶2)] 196 854
Interest expense capitalized [80 244 (𝐶1) + 95 890 (𝐶2)] (176 134)

Finance Income -
Total interest income 18 546
Interest income capitalized (18 546)




2. Property, plant & equipment

Plant
R
Carrying amount at beginning of year -
Cost -
Accumulated Depreciation -

Additions at cost 4 500 000
Interest capitalized [80 244 (𝐶1) + 77 344 (𝐶2)] 157 588
Depreciation capitalized (𝐶1) 95 751
Depreciation for the year (𝐶2) (39 611)
Carrying amount at end of year 4 713 728
Cost 4 753 339 Accumulated Depreciation (39 611)

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through EFT, credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying this summary from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller JakeSteen. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy this summary for R50,00. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

72042 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy summaries for 14 years now

Start selling
R50,00
  • (0)
  Buy now