2020年5月7日 · This lesson covers Gr 12 content on Fixed Asset management. Do you have an educational app, video, ebook, course or eResource? Contribute to the Western Cape …

2021年9月8日 · Fixed assets are depreciated at cost price/ straight line method or at carrying value/ diminishing balance/ or called book value method. For internal control purposes, the assets and the registers are regularly monitored.

A full explanation on Asset disposal and how to fill in the General ledger accounts as well as the Fixed Asset Note 3 to the Balance Sheet

Land and building are not depreciated assets. The renovations, extentions, revamp, constructions, improvements, purchase of land and buildings are capitalized or added to the land and buildings ( they go to additions at cost in NOTE 3)

Vehicle is sold for R40 000 cash. The carrying value is already R10 000 and that means that depreciation can only be R10 000. A fixed asset cannot be depreciated less than the cost price of the vehicle. (And not R9 999!) Make use of the format and complete Note 3 from the financial Statements. NOTES TO THE BALANCE SHEET. 3.

This document contains a student activity worksheet for a Grade 12 Accountancy, Business and Management class. The worksheet covers identifying the elements of the Statement of Financial Position (SFP) and their classification as assets, liabilities, or equity.

This year's net asset value must be compared with the previous year's NAV and the price of the share quoted on the JSE to ensure that the company has been successful and that the public agrees, i.e. more people have bought shares.

FIXED ASSETS You are provided with information for the financial year ended 28 February 2019 taken from the books of Bontle Ltd a public company listed on the Johannesburg Securities Exchange (JSE).

Grade 11 and 12 Accounting - Fixed Assets We will do revision on the depreciation methods used and asset disposal as prescribed by IEB and CAPS. We will do t...

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