0 Fixed Assets: Cost (1 March 2017) Accumulated depreciation (1 March 2017) Carrying value (1 March 2017) Movements: VEHICLES 838 000 (420 000) (i) 216 000 0 EQUIPMENT 622 000 (264 000) 358 000 0 Additions Disposals Depreciation Carrying value (28 February 2018) Cost (28 February 2018) Accumulated depreciation (28 February 2018) A new vehicle was purchased on 1 October 2017. Vehicles are depreciated at 15% on cost. Old equipment were sold on 1 January 2018 for R26 250, cash. A profit of R4 250 was made on this sale. (iii) (35 400) 517 000
