alphabet using the 13 4. Use the information provided below to respond to Questions 3 - 6. Extract of the Fixed Asset Note: Equipment 360 000 Cost (1 March 2021) Accumulated depreciation (1 March 2021) Carrying value (1 March 2021) Additions (at cost) Disposals (at carrying value) Depreciation Carrying value (28 February 2022) Cost (28 February 2022) Accumulated depreciation (28 February 2022) Adjustments • (187 500) 172 500 360000- ? 0 (31 300) 285 000 ? Depreciation is 20% p.a. on the diminishing balance method. 3 Unused equipment was sold for R40 000 on 1 October 2021. Accumulated depreciation on the equipment sold was R36 600 on 1 March 2021. Calculate the cost price of equipment sold on 1 October 2021. 3. A R76 600 B R75 000 C R75 600 D R88 500 Calculate the carrying value of an asset sold. 4. A R32 200 B R36 600 C R33 920 D R38 400 Calculate the accumulated depreciation (28 February 2022). R221 800 5. A B R177 720 C R150 900 D R146 120 2023 Accounting Grade 12 Baseline Assessment Question Paper
