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Course 17140
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36. A machine costs N$345,000 (VAT inclusive) and is used 70% for business and 30% private. What is the capitalised cost?
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35. An asset is sold for N$115,000 (VAT inclusive). Output VAT is:
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34. An asset is sold for N$230,000 (VAT exclusive). Output VAT is:
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33. An asset has a cost of N$300,000; Accumulated depreciation \= N$180,000; Selling price \= N$150,000 (VAT exclusive). What is the profit/loss on the sale of the asset?
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32. An asset has a cost of N$360,000; Residual value \= N$60,000; Useful life \= 5 years. What is the carrying amount after 3 years?
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31. An asset has a cost of N$200,000, depreciation \= 20% reducing balance. Depreciation in Year 2 is:
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30. An asset has a cost of N$230,000, residual value of N$20,000 and useful life of 7 years. Asset is purchased on 1 April, year-end 31 December. Straight-line depreciation for the year is:
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3. If a company decides to revalue its PPE, what is the most important consideration?
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29. An asset has a cost of N$500,000, residual value of N$50,000 and useful life of 5 years. Determine the annual depreciation using the straight-line method:
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28. Which cost is NOT capitalised as part of PPE cost?
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