Exam (elaborations)
FIN3701 Exam Memo June 2019
- Institution
- University Of South Africa (Unisa)
FIN3701 Exam Memo June 2019
[Show more]
Connected book
Book Title:
Author(s):
- Edition:
- ISBN:
- Edition:
3 reviews
By: patrict • 4 year ago
By: andibuthe • 4 year ago
By: kylecalvincoertze • 4 year ago
Content preview
MEMO – FIN3701 JUNE 2019ralphtsuro@gmail.com +27 81 565 7602
, QUESTION 1
1.1 Initial investment Initial
investment
Cost of new machine (R750 000)
Installation cost (R20 000)
*Proceeds from the old R70 000
machine
(R700 000)
Change in NWC R7 000
Initial investment (R693 000)
*Proceeds from the old machine
Depreciation R350 000 ÷ 5 = R70 000
Accumulated depreciation R70 000 × 4 = R280 000
Book value R350 000 – R280 000 = R70 000
Capital gain R70 000 – R70 000 = R0
Capital gains tax R0
Proceeds from sale R70 000 – R0 = R70 000
ralphtsuro@gmail.com +27 81 565 7602
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 knowledgehut. 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)
66579 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy summaries for 14 years now