Question 3 If the boiler was sold at the end of year 21 for R2.5 million, determine the gain(loss) on disposal and the r

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Question 3 If The Boiler Was Sold At The End Of Year 21 For R2 5 Million Determine The Gain Loss On Disposal And The R 1 (400.78 KiB) Viewed 30 times

Question 3 If The Boiler Was Sold At The End Of Year 21 For R2 5 Million Determine The Gain Loss On Disposal And The R 2 (142.62 KiB) Viewed 30 times

Question 3 If the boiler was sold at the end of year 21 for R2.5 million, determine the gain(loss) on disposal and the resultant tax liability (or credit) if the tax rate is 27% and when the following depreciation methods are used: (Hint: You may use information calculated in Question1) 3.1. Straight-line method 3.2. 200% declining balance method and (2) 3.3. 150% dedining balance method (2) [Sub-total = 6 Marks]
f Expert Q&A Show full question Answers M Mechanical Engineering expert For straight line depreciation, Annual depreciation = (Initial book value- salvage value)/useful life For 200% depreciation, Annual depreciation = 2(asset cost- 2- accumulated depreciation)/useful life For 150% depreciation, Annual depreciation = 1.5(asset cost- accumulated depreciation)/useful life - ! CEREX FEESECU 000000 0000002 EEEEESO Il 000 OG HOVO E 609777 00005E9 IKA-19 NULIH LSING GRELOG DECLEZS QLSTOZ 5 0000395 STELST 000005 . IKEA 19. 424012 COXWXT. - € Straight Line Depreciation 200% Depreciation 150% Depreciation Book Value Year Book value at at beginning Depreciation Book Value at Accumulated Depreciation in Book Value at Book Value at Accumulated Depreciation Book Value at Accumulated of year end of year beginning of year Depreciation the year end of the year beginning of year Depreciation in the year end of the year 1 7520000 33200 22000 TEANDMIN 11 SOKO 750000 575000 2125000 2 P2 20000 SO 71231 3/ 1502590 70.40000 230000 6510000 906267 435500 0708750 731250 33843 6430313 4 4 6810000 239000 G580000 G097778 1402222 40GSIS 5591253 0430313 200958 32151 G108797 S 65300001 230000 559125 1808741 379417 5211842 5103797 1391203 305140 SB03:57 3X h12 SN112 21815 5112 9.47219 151 55131119 T 6120000 23000 5990000 4997/29 490771 2542281 330513 95272019 19881 27059 3222530 8 3890000 230000 5300000 4027203 2872795 308480 4218724 2203470 4973003 9 230000 5430000 4818724 3181276 4330809 4973633 2524347 248783 4726871 10 5430000 390000 403030 3469191 268721 37/2009 4726871 2773129 236344 4490522 11 .. 123 31/2011 12.12.11 2511-17h 15112 ! PM 12601 12 4970000 230000 4740000 3511283 3998717 234985 32:7197 4200001 3233999 213303 4032701 13 4740000 230000 4510000 3277197 4222503 218480 3858717 4032701 3447299 202033 3830.00 14 4510000 230000 4280000 3068717 4441289 203914 2554801 38500G 3649934 19250 15 420000 230000 4060000 254502 4615197 190320 2564483 2657552 182478 3474584 76 ho / 1/1IZ MINES M 11h 17 2820000 230000 3590000 2486551 5013149 105790 2:21001 3300930 4199050 205045 18 230000 3360000 2321001 517893 154737 2166321 3133903 4304097 156793 2979107 19 3350000 230000 3130000 2166323 5383677 144422 2001902 2979107 4520593 148955 2830152 20 1130000 332000 200000 2001402 5470AR 1342 188710 28301.52 46648 141505 258544 21 2520X 110 12511/ 1/10 2011 1964 2594212 22 2670000 230000 2440000 5738599 117420 1543881 2354212 4945785 127711 2426302 23 2440000 23000 2210000 1643381 5856119 109592 153424 2426502 5073493 121923 2305177 24 2210000 230000 1980000 1534289 5965711 102285 1432002 2305177 5194623 115259 2189913 25 ICON 230000 125000 14:312011 6067747 45452 13365.36 211918 5310082 175021 1520000 616 H:10 120 20922 5019528 10000 197101 27 1520000 230000 1290000 1 6252966 1247434 g 1164272 197401 5523999 98923 28 2290000 235000 1860008 1164271 77618 1086652 1877581 5622419 93879 1783702 1050000 233000 630000 1086653 6413147 72414 1014210 1783702 S71629 89185 1694517 ở | SITM | 3:Mr. KO KOKO SIXO DERSO 41421 151512 SR 1041512 CD1259 SENCE IKINI-TIP XX CENA: ו-1015_ WWW MURAL EL NIKE EOSSETE 00005CE KOMAR 02 קוייחו הביטחון TOETOLT | S60L синк. 00006 CECOEXL ZOTES TBILST SELCESO DLOUIL COMING EK)