SG2.

4
a)
20.22/06/30 Depreciation (50000+15000) 65,000
Accumulated depreciation 65,000

b) Asset Disposal 900,000

20.23/04/01 Machinery 900,000
Depreciation 66,375
Accumulated depreciation 66,375
Accumulated depreciation 81,375
Asset Dispisal (15000+66375) 81,375
Loss with fire 818,625
Asset disposal 818,625

c) Profit or loss 940,000

20.23/06/30 'Depreciation(55000+66375) 121,375
'Loss with fire 818,625

calculations
Machine F
cost 600,000
30 June 20.22 depr. (10%x600000X10/12) 50,000
30/6/.22 Carrying value 550,000
30/6/.23 depr (10%x550000) 55,000
495,000
Machine G
cost 900,000
depr (10%x900000x2/12) 15,000
30/6/.22 Carrying value 885,000
1/4/.23 Depr (10%x855000x9/12) 66,375
818,625
d) Note for period ending 30 June 20.23

1. Property, plant and equipment

Machinery Total
Carrying amount beginning of year 1,435,000 1,435,000
Gross carrying amount 1,500,000 1,500,000
Accumulated depreciation 65,000 65,000

Additions

Disposals at carrying amount -818,625 -818,625

-900,000 -900,000
81,375 81,375

Depreciation for the year 121,375 121,375

Gross carrying amount 600,000 600,000

Accumulated depreciation -105,000 -105,000
Carrying amount end of year 495,000 495,000