FAC1601
Assignment 1 QUIZ Semester 1 2026
Unique Number:
Due Date: 23 March 2026
DISCLAIMER & TERMS OF USE
Educational Aid: These study notes are intended to be used as educational resources and should not be seen as a
replacement for individual research, critical analysis, or professional consultation. Students are encouraged to perform
their own research and seek advice from their instructors or academic advisors for specific assignment guidelines.
Personal Responsibility: While every effort has been made to ensure the accuracy and reliability of the information in
these study notes, the seller does not guarantee the completeness or correctness of all content. The buyer is
responsible for verifying the accuracy of the information and exercising their own judgment when applying it to their
assignments.
Academic Integrity: It is essential for students to maintain academic integrity and follow their institution's policies
regarding plagiarism, citation, and referencing. These study notes should be used as learning tools and sources of
inspiration. Any direct reproduction of the content without proper citation and acknowledgment may be considered
academic misconduct.
Limited Liability: The seller shall not be liable for any direct or indirect damages, losses, or consequences arising from
the use of these notes. This includes, but is not limited to, poor academic performance, penalties, or any other negative
consequences resulting from the application or misuse of the information provided.
,€ Cc 26 mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=31226335&cmid=1294872#
vy SNISA university
otsouth ica
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Quiz
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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 QUIZ Semester 1 2026
Unique Number:
Due Date: 23 March 2026
DISCLAIMER & TERMS OF USE
Educational Aid: These study notes are intended to be used as educational resources and should not be seen as a
replacement for individual research, critical analysis, or professional consultation. Students are encouraged to perform
their own research and seek advice from their instructors or academic advisors for specific assignment guidelines.
Personal Responsibility: While every effort has been made to ensure the accuracy and reliability of the information in
these study notes, the seller does not guarantee the completeness or correctness of all content. The buyer is
responsible for verifying the accuracy of the information and exercising their own judgment when applying it to their
assignments.
Academic Integrity: It is essential for students to maintain academic integrity and follow their institution's policies
regarding plagiarism, citation, and referencing. These study notes should be used as learning tools and sources of
inspiration. Any direct reproduction of the content without proper citation and acknowledgment may be considered
academic misconduct.
Limited Liability: The seller shall not be liable for any direct or indirect damages, losses, or consequences arising from
the use of these notes. This includes, but is not limited to, poor academic performance, penalties, or any other negative
consequences resulting from the application or misuse of the information provided.
,€ 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 »
