COAFA3-11 Assessments (2025)
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The conceptual framework (revised) defines an asset as:
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On 1 January 2020, a company entered into a 3-year lease of a machine. The company is required to make 3 lease payments of R395 000 each. These payments fall due on 31 December 2020, 2021, and 2022. The rate of interest implicit in the lease is 12% per annum. The lease liability on 1 January 2020 is:
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Consider the following information about a depreciable asset:
Acquisition date: 1 October 2019
Cost: R700 000
Useful life: 35 years
Residual value: R140 000
Revaluation date: 31 December 2022
Net replacement value: R775 000
Year-end: 31 December 2022
After revaluation, the residual value and remaining useful life of the property remained unchanged. Depreciation for the current year must be based on the most recent valuation.
Required:
Calculate the following:
- The carrying amount at 1 January 2022: R
- The net replacement value at 1 January 2022: R
- The depreciation for 2022: R
Note: ONLY enter the amount (do not show your calculation, and do not make use of spaces, full-stops, commas or R-signs). Example: 740000
Please answer all parts of the question.Consider the following information about a depreciable asset:
Acquisition date: 1 October 2019
Cost: R350 000
Useful life: 35 years
Residual value: R70 000
Revaluation date: 31 December 2022
Gross replacement value: R420 000
Year-end: 31 December 2022
After revaluation, the residual value and remaining useful life of the property remained unchanged. Depreciation for the current year must be based on the most recent valuation.
Rquired:
Calculate the following:
- The carrying amount at 1 January 2022: R
- The net replacement value at 1 January 2022: R
- The depreciation for 2022: R
Note: ONLY enter the amount (do not show your calculation, and do not make use of spaces, full-stops, commas or R-signs). Example: 740000
Please answer all parts of the question.Хочете миттєвий доступ до всіх перевірених відповідей на mylms.vossie.net?
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