Exam (elaborations)
FAC3702 EXAM PACK 2023
- Institution
- University Of South Africa
FAC3702 EXAM PACK 2023
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FAC3702 EXAM PACK2023
ADMIN
[COMPANY NAME] [Company address]
,
,FAC3702 EXAM PACK 2022
, Welcome
If you are reading this message then you are doing(FAC3701) with UNISA. These are being compiled by our
Together We Pass team for our students who are registered for FAC3701 this term, and will be built upon year
on year to create the best set of questions, with suggested solutions, with the possibility of including hints and
tips in the future.
Please note that this is not the exam scope, but this document will work as supplementary study material which
will help you prepare for the coming exams. It’s work in progress and we will make changes and amendments
to the document as we progress.
Good luck this term, and we look forward to working with you!
Our contact details should you need help:
Together We Pass
PHONE 021 591 0673
EMAIL info@togetherwepass.co.za
headtutor@togetherwepass.co.za
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QUESTION 1
The following financial information relates to ABC Limited for the year ended 30 April 2014:
1. Machine
Cost 500 000 Residual value 1 May 2011 50
Revalued amount on a net replacement value basis 000 30 April 2014 410 000
Depreciation rate - 20% per annum straight-line
The tax base on 1 May 2013 was R200 000 which would be deductible in equal amounts on
30 April 2014 and 30 April 2015 against taxable income.
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