Exam (elaborations)
FAC3702 ASSIGNMENT 1 UNISA
- Institution
- University Of South Africa (Unisa)
THE DOCUMENT ABOVE SHOWS HOW TO ANSWERS QUESTIONS AS PER UNISA STANDRDS. FOLLOWING THE GUIDE ONE IS ASSURED OF A DISTINCTION.
[Show more]
Content preview
FAC3702 ASSIGNMENT 2 – SEMESTER 2 OF2018
2 000 000
1. 3 [1 900 000 − {2 000 000 − ( )] = 𝟏𝟎𝟎 𝟎𝟎𝟎
10
2. 3
R
1 900 000 1 477 778
Carrying amount [1 900 000 − ( ∗ 2)
9
Fair value less costs to sell (1 200 000 − 45 000) 1 155 000
Value in use
N=7
I = 12
PMT = -200 000
PV = 912 751 912 751
Recoverable Amount (higher of value in use and fair value 1 155 000
less costs to sell)
Carrying amount (recoverable amount since it is lower than 1 155 000
the carrying amount)
3. 2 [2 000 000 − (2 000 000 ∗ 5% ∗ 3) = 𝟏 𝟕𝟎𝟎 𝟎𝟎𝟎
4. 5
5. 1
Salaries = (50 000 ∗ 8) = 𝟒𝟎𝟎 𝟎𝟎𝟎
Capitalised = (50 000 ∗ 2) = 𝟏𝟎𝟎 𝟎𝟎𝟎
3
6. 2 (81 250 ∗ ) = 𝟏𝟖 𝟕𝟓𝟎
13
7. 3
(25 000 − 4 000) 8
2016 Research costs = ( 2
∗ 12
) = 𝟕 𝟎𝟎𝟎
The benefits of buying summaries with Stuvia:
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
You can quickly pay through EFT, credit card or Stuvia-credit for the summaries. There is no membership needed.
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 Abacus1995. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy this summary for R80,00. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
53068 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy summaries for 14 years now