FAC2601 EXAM COURSE - EXA M PACK SEMESTER 1 ACADEMIC HEAD Charles Forbes

FAC2601
EXAM COURSE - EXAM PACK


SEMESTER 1




ACADEMIC HEAD
Charles Forbes





Shop U21, Stoneridge Centre, 1 Stoneridge Drive, Greenstone Park, Edenvale, Johannesburg, 1610

#448, Private Bag x10010, Edenvale, 1610 • www.ebs.co.za • +27 11 038 5300

,FAC2601 May-Jun 2015 suggested solution.doc
© Edge Business School

,FAC2601 May-Jun 2015 suggested solution.doc
© Edge Business School

, 3


W4. (5 000 shares x R12) – R40 000 = 20 0 00

W5. Motor vehicles
Total Sold Rest
480 000
(120 000)
360 000 160 000 200 000
Depreciation to DoS
(160 000 x 20% x 6/12) (16 000)
Depreciation
(200 000 x 20%) (40 000)
CA at date of sale 144 000 160 000

W6. Equipment



1 Mar 28 Feb 28 Feb 28 Feb
2012 2013 2014 2015


CA at EOY = 96 000
3 years depreciati on completed OR 96 000 x 100/40 = 240 000
000 .’. 240 000 x 20% = 4

W7 . To tal depreciation
= 56 000 (W5) + 48 000 (W6)
= 104 000




FAC2601 May-Jun 2015 suggested solution.doc
© Edge Business School