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06-05-2024
Business

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On 1 July 20.1, Joe Traders bought machinery for R84 000 was given a 5% cash discount. BB Logistics delivered the machinery to Joe Traders and charged R2 500. The machinery was installed for R4 500. Joe Traders uses the fixed instalment method and the machine will be depreciated at 20% per annum. Joe Traders also purchased 1 000 boxes of A4 copier paper on 1 July 20.1 for R130 000. The financial year-end of Joe Traders is 30 June. What will be the carrying(book) value of the machinery on 30 June 20.4? NB: Instructions 1. Do not type the amount with any spaces as separators for thousands (eg: 12141) 2. Round off to the nearest Rand (eg: 50.56 is 51) 3. Only show the amount, do not show the R (eg: 12141)

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