Complete the note to the financial statement relating to property, plant and equipment provided in...
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Accounting
Complete the note to the financial statement relating to property, plant and equipment provided in your answer book, by using the information extracted from the general ledger of Phangiso Traders forthe financial year 1 July 2015 to 30 June 2016.
Vehicle
| Date | Details | Fol | Amount | Date | Detail | Fol | Amount |
| 2015 | 2016 | ||||||
| 1 July | Balance | 1 340 000 | 30 June | Balance | 1 790 000 | ||
| 1 Nov | Creditors control | 450 000 | |||||
| 1 790 000 | 1 790 000 | ||||||
| 2016 | |||||||
| 1 July | Balance | bld | 1 790 000 |
Accummulated Depreciation
| Date | Detail | Fol | Amount | Date | Details | |
| 2016 | 2015 | |||||
| 30 June | Balance | c/d | 1 285 000 | 1 July | Balance b/d | 837 500 |
| 2016 | ||||||
| 30 June | Depreciation | 447 500 | ||||
| 1 285 000 | 1 285 000 | |||||
| 2016 | ||||||
| 1 july | Balance c/d | 1 285 000 |
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