Fac2601 exam 2026 first semester 1

(a) Columnar Property,
Plant and Equipment
Schedule (Machine
Super A & Aircraft)


(a) Columnar Property,
Plant and Equipment
Schedule (Machine
Super A & Aircraft)

Details Machine Super A (R) Aircraft (R)
Opening Accumulated
2 670 000 5 900 000
Depreciation (1 Jan 2025)
Additions 3 200 000 4 000 000

Disposals at Carrying Amount (562 500)

Depreciation Expense (2 729 722) (4 650 000)
Closing Carrying Amount (31 Dec
7 237 778 32 200 00
2025)



workings

,1. Machine Super A

Component 1
Description Amount (R)
Cost 5 000 000
Residual value (400 000)
Depreciable amount 4 600 000
Useful life 5 years

Annual depreciation (straight-line) 920 000

Accumulated depreciation (1 Jan
920 000
2025)

Current year depreciation (2025) 920 000



Component 2
Description Amount (R)
Total cost 3 000 000
Residual value nil
Useful life 4 years
Annual depreciation (total
750 000
component)
Accumulated depreciation (1 Jan
750 000
2025)
Derecognition of broken part
(30 September 2025)
Description Amount (R)

, Original cost of broken part 1 000 000
Useful life 4 years
Depreciation period (1 Jan 2024 –
1.75 years
30 Sept 2025)

Accumulated depreciation on
437 500
broken part (1 000 × 1.75)


Carrying amount derecognised (1
562 500
000 000 – 437 500)

Current year depreciation
(2025) – Component 2
Description Amount (R)

Depreciation on broken part (9
187 500
months: 1 000 × 9/12)

Depreciation on remaining part (2
500 000
000 × 12/12)
Subtotal – existing part
687 500
depreciation
New replacement part capitalised
1 100 000
30 Sept 2025
Remaining useful life at
2.25 years
capitalisation date
Depreciation for 3 months (1 100
122 222
.25 × 3/12)