FAC1601
Assignment 1 Semester 1 2026
Detailed Solutions, References & Explanations
Unique number:
Due Date: 23 March 2026
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+27 81 278 3372 By making use of this document you agree to:
Use this document as a guide for learning, comparison and reference purpose,
Terms of use
Not to duplicate, reproduce and/or misrepresent the contents of this document as your own work,
By making use of this document you agree to:
Use this document
Fully accept the consequences
solely as a guide forshould you plagiarise
learning, reference,or and
misuse this document.
comparison purposes,
Ensure originality of your own work, and fully accept the consequences should you plagiarise or misuse this document.
Comply with all relevant standards, guidelines, regulations, and legislation governing academic and written work.
Disclaimer
Great care has been taken in the preparation of this document; however, the contents are provided "as is" without any express or
implied representations or warranties. The author accepts no responsibility or liability for any actions taken based on the
information contained within this document. This document is intended solely for comparison, research, and reference purposes.
Reproduction, resale, or transmission of any part of this document, in any form or by any means, is strictly prohibited.
,€ Cc 26 mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=31226335&cmid=1294872#
vy SNISA university
otsouth ica
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=) FAC1601-26-S1 Welcome Message > Assessment 1
Quiz
© Assessment 1
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Question 1 Depreciation is considered an operating expense and is included in the Statement of Profit or Loss and Other Comprehensive Income.
Not yet
answered
Marked out of True Depreciation is a non-cash operating expense. It is included in the
1.00
© False calculation of profit or loss, as shown in examples in (FAC1601
& Flag question
Learning units 2026.paf,Page 69, Example 3.5).
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\ Glossary of accounting terms Assessment plan semester one 2026
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Question 2 Which one of the following expenses should be included in the cost of inventories sold during the year?
Not yet
answered
Marked out of
Carriage on purchases Carriage on purchases is a cost directly attributable to bringing
aos>o
1.50 ) Gs MEME SeNCE MIE: inventories to their present location and condition, as per
) c. Carriage on sales
Settlement dlacount granted FAC1601 Learning units 2026.pdf (Page 34) . Carriage on
Elag question
Cc lear my choice sales and settlementdiscount granted are selling/distribution
costs, and insurance on deliveries is not a production-related
Previous page
cost.
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QUIZ
Assessment 1
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Question 3 A company purchased equipment for R500 000 with a residual value of R20 000 and a useful life of 4 years. What is the depreciable amount?
Not yet
“me ed
O a. R520 000
Marked out of
2.00 © b. R120000
F Flag question © ¢. None of the above R500,000 - R20,000 = R480,000.
O d. R500 000
@ e. R480 000
Clear my choice
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> FAC1601-26-S1 >» Welcome Message » Assessment 1
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Question 4 If the residual value of an asset increases to equal its carrying amount, depreciation becomes zero. .
Not yet
“ws . © True The residual value of an asset may increase to an amount equal to or
1.50 O False greater than the asset's carrying amount. If it does, the asset's
jarked out of . .
oo depreciation charge is zero..."
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< Glossary of accounting terms Assessment plan semester one 2026 »
Assignment 1 Semester 1 2026
Detailed Solutions, References & Explanations
Unique number:
Due Date: 23 March 2026
Terms of use
+27 81 278 3372 By making use of this document you agree to:
Use this document as a guide for learning, comparison and reference purpose,
Terms of use
Not to duplicate, reproduce and/or misrepresent the contents of this document as your own work,
By making use of this document you agree to:
Use this document
Fully accept the consequences
solely as a guide forshould you plagiarise
learning, reference,or and
misuse this document.
comparison purposes,
Ensure originality of your own work, and fully accept the consequences should you plagiarise or misuse this document.
Comply with all relevant standards, guidelines, regulations, and legislation governing academic and written work.
Disclaimer
Great care has been taken in the preparation of this document; however, the contents are provided "as is" without any express or
implied representations or warranties. The author accepts no responsibility or liability for any actions taken based on the
information contained within this document. This document is intended solely for comparison, research, and reference purposes.
Reproduction, resale, or transmission of any part of this document, in any form or by any means, is strictly prohibited.
,€ Cc 26 mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=31226335&cmid=1294872#
vy SNISA university
otsouth ica
Dashboard Bip aue Se myAdmin Unisa Library
=) FAC1601-26-S1 Welcome Message > Assessment 1
Quiz
© Assessment 1
Back
Time left 1:53:26
Question 1 Depreciation is considered an operating expense and is included in the Statement of Profit or Loss and Other Comprehensive Income.
Not yet
answered
Marked out of True Depreciation is a non-cash operating expense. It is included in the
1.00
© False calculation of profit or loss, as shown in examples in (FAC1601
& Flag question
Learning units 2026.paf,Page 69, Example 3.5).
Previous activity Next activity
\
Jump to... > >
\ Glossary of accounting terms Assessment plan semester one 2026
CG 23 mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=312263358cmid=12948728page=1 x © Action
yU N | SA | . Dashboard | myeodules ~ | myAdmin Unisa Library
FAC1601-26-S1 > Welcome Message > Assessment 1
Quiz
©) Assessment 1
Back
Time left 1:53:17
Question 2 Which one of the following expenses should be included in the cost of inventories sold during the year?
Not yet
answered
Marked out of
Carriage on purchases Carriage on purchases is a cost directly attributable to bringing
aos>o
1.50 ) Gs MEME SeNCE MIE: inventories to their present location and condition, as per
) c. Carriage on sales
Settlement dlacount granted FAC1601 Learning units 2026.pdf (Page 34) . Carriage on
Elag question
Cc lear my choice sales and settlementdiscount granted are selling/distribution
costs, and insurance on deliveries is not a production-related
Previous page
cost.
,6 mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=31226335&cmid=1294872&page=2 wx @ Actior
- a
A university Dashboard | mysodules ~ | myAdmin Unisa Library
ot south co
-AC1601-26-S1 > Welcome Message > Assessment 1
QUIZ
Assessment 1
Back
Time left 1:53:07
Question 3 A company purchased equipment for R500 000 with a residual value of R20 000 and a useful life of 4 years. What is the depreciable amount?
Not yet
“me ed
O a. R520 000
Marked out of
2.00 © b. R120000
F Flag question © ¢. None of the above R500,000 - R20,000 = R480,000.
O d. R500 000
@ e. R480 000
Clear my choice
Previous activity Next activity
g Jump to. ¢ S
v= Assessment
1 (page4of30) xX +
€<€ 7 G 23 mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=31226335&cmid=1294872&page=3 * 1a
mJ N | SA nie Dashboard myAdmin Unisa Library
> FAC1601-26-S1 >» Welcome Message » Assessment 1
Quiz
=) Assessment 1
Back
Question 4 If the residual value of an asset increases to equal its carrying amount, depreciation becomes zero. .
Not yet
“ws . © True The residual value of an asset may increase to an amount equal to or
1.50 O False greater than the asset's carrying amount. If it does, the asset's
jarked out of . .
oo depreciation charge is zero..."
Previous activity Next activity
Jump to... +
< Glossary of accounting terms Assessment plan semester one 2026 »
