1.1) Calculate and advise if there were there any additions to or disposals of property, plant and equipment during the financial year ended 31. December 2022? Motivate your answer. AMC Limited Statement of Financial Position as at 31 December: ASSETS Non-current assets Property, plant and equipment (Cost) Accumulated depreciation Carrying value Investments Current assets Inventories Accounts receivable Cash 2022 R R18 200 000 R6 200 000 {2000000) R4 200 000 R10 000 000 R7 000 000 R400 000 R5 800 000 R800 000 R25 200 000 2021 R R20 800 000 (1400000) R12 000 000 R4 890 000 R100 000 R4 000 000 R790 000 R25 690 000

1.1) Calculate and advise if there were there any additions to or disposals of property, plant and equipment during the financial year ended 31. December 2022? Motivate your answer. AMC Limited Statement of Financial Position as at 31 December: ASSETS Non-current assets Property, plant and equipment (Cost) Accumulated depreciation Carrying value Investments Current assets Inventories Accounts receivable Cash 2022 R R18 200 000 R6 200 000 {2000000) R4 200 000 R10 000 000 R7 000 000 R400 000 R5 800 000 R800 000 R25 200 000 2021 R R20 800 000 (1400000) R12 000 000 R4 890 000 R100 000 R4 000 000 R790 000 R25 690 000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Chapter : Depreciation and Provision for Depreciation
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Hi, may I know, the FIXED ASSET in that picture is only "property, plant and equipment" or is there anything I missed? Thank you for helping me.
QUESTION 13 A company had net non-current assets of R13 000 at the end of 2019 and R11 000 at the end of 2018. In addition, the company had a depreciation expense of R350 during 2019 and R500 during 2018. Based on this information, the company’s net non-current asset investment for 2019 was ... 1. R 0. R2 000. R2 350. 4 R2 500.
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