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    Nanamveku's Avatar
    Nanamveku Posts: 1, Reputation: 1
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    #1

    Jul 7, 2017, 12:19 AM
    Tangible assets
    Complete the following notes to the financial statements
    Old equipment with a cost price of R80000 was sold for cash on 31 August 2013 forR45000.on 1 march2013 the accumulated depreciation on this equipment amounted to R33920. New equipment of R90000 was purchased on credit on the same day. Depricaition is written off at 20% per annum on the diminishimg balance method
    smoothy's Avatar
    smoothy Posts: 25,492, Reputation: 2853
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    #2

    Jul 7, 2017, 04:32 AM
    We don't do homework assignments. Site rules.

    Show us what you have.. and we can tell you if you are wrong.
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