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
Chapter4: The Adjustment Process
Section: Chapter Questions
Problem 7PA: Using the following information: A. make the December 31 adjusting journal entry for depreciation B....
Related questions
Question
![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](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F35e2c5ae-a762-4418-96f2-141ae115c41a%2F7b74a16a-bcbf-46a4-b5dc-abff6188d9a3%2Fhbvftpc_processed.png&w=3840&q=75)
Transcribed Image Text: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
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