Upload
angie
View
249
Download
0
Embed Size (px)
Citation preview
8/20/2019 Sample Past Exam Questions Revised
1/23
ACCY200,Autumn, 2011
Past ExamQuestions
1
8/20/2019 Sample Past Exam Questions Revised
2/23
TAX EFFECT QUESTIONS
Question 1 Total: !ma"#s
The accounting proft beore tax o Leela Ltd or the year ended 30 June 2011
was $18 000 and included the ollowing ite!s o inco!e and expense"
$
#oern!ent grant 10 000
%ent reenue 2 000
&ntertain!ent costs ' 000
(ad debts expense ) 200
*epreciation o plant 2+ 000
,nsurance expense 8 000
Long serice leae expense 18 '00
-arranty expense 3 000.!ortisation o *eelop!ent costs 2+ 000
The drat state!ents o fnancial position at 30 June 2011 and 30 June 2010
included the ollowing assets and liabilities"
2011 2010
$ $
.ccounts %eceiable 12 000 1)+ 000
.llowance or doubtul debts /) +00 / 000
repaid insurance ' 00 ) 00
lant 2+0 000 2+0 000
.ccu!ulated depreciation plant /100 000 /+ 000
*eelop!ent costs 100 000 4
.ccu!ulated a!ortisation deelop!ent costs /2+ 000 4
*eerred tax asset 5 11 300
%ent receied in adance 2+ 000 20 000
roision or -arranty 2 000 38 000
Long serice leae payable 13 000 1' +00
*eerred tax liability 5 3 300
Additional information:
16 ,n the preious year Leela Ltd !ade a tax loss o $2' 000 in respect owhich the co!pany had recognised a deerred tax asset6
26 7or accounting purposes the plant is depreciated at 10 straight line6 7ortax purposes the plant is depreciated at 1+ straight line6
36 .ll plant was purchased on 1 July 2009 and none has been sold6'6 *eelop!ent costs o $100 000 were incurred on 1 July 20109 all o
which is deductible or tax purposes in the current year6+6 The tax rate is 306
2
8/20/2019 Sample Past Exam Questions Revised
3/23
Required:
a% Cal&ulate an' "e&o"' in a (ou"nal ent") t*e +alan&e o an) &u""enttax lia+ilit) o" -eela -t' as at 0 .une 2011/ 1! ma"#s%
+% Comlete t*e o"#s*eet on a3e 4 o t*is ae" to &al&ulate t*e+alan&e 'a) a'(ustments to 'ee""e' tax asset an' 'ee""e' taxlia+ilit) a&&ounts as at 0 .une 2011/ P"ea"e t*e ne&essa")3ene"al (ou"nal ent") to "e5e&t a'(ustments &al&ulate' o"'ee""e' tax asset an' 'ee""e' tax lia+ilit) a&&ounts 'o not neto6 'ee""e' tax assets an' 'ee""e' tax lia+ilities%/ 1! ma"#s%
&% Assume t*at on 1 .ul) 2011 t*e &oman) tax "ate &*an3e' "om07 to 2!7/ P"ea"e t*e 3ene"al (ou"nal ent") nee'e' to "e5e&tt*e &*an3e in tax "ate/
! ma"#s%
3
8/20/2019 Sample Past Exam Questions Revised
4/23
Solution Question 1
a%
.ccounting proft 18 000
.dd"&ntertain!ent costs ' 000(ad debts exp ) 200*epreciation :& 2+ 000,nsurance exp 8 000L;L exp 18 '00-arranty exp 3 000.!ortisation deelop!ent costs 2+ 000%ent reenue 16 000 ) )00
Less"%ent reenue 2 000#oern!ent grant 10 000
*ebts written o<26
) 00*epreciation /tax 36 3 +00,nsurance paid '6 ) 200L;L paid +6 1 00-arranty paid )6 1' 000*eelop!ent costs 100 000 /1) 300
Taxable inco!e beore tax loss recoered 8 300Less" Tax loss recoered /2' 000.dd" #ot grant 10 000 /1' 000
Taxable ,nco!e 3 300=urrent tax liability 21 0
Journal entry"
*r ,nco!e tax expense 2 10=r *T. 200=r =urrent tax liability 21 0
-or>ing out"16 rent in adance ? 2+ 000 @ 2 000 20 000 ? 00026 *ebts written o< ? 000 @ ) 200 ) +00 ? ) 0036 depreciation ? 1+ o 2+0 000 ? 3 +00'6 insurance paid ? 8 000 @ ' 00 ) 00 ? ) 200
+6 L;L paid ? 1' +00 @ 18 '00 13 000 ? 1 00)6 warranty paid ? 38 000 @ 3 000 2 000 ? 1' 000
'
8/20/2019 Sample Past Exam Questions Revised
5/23
Solution +%
Ca"")in3
Amount
Futu"e
Taxa+le
Amount
Futu"e
8e'u&ti+l
e Amount
Tax
9ase
Taxa+le
Temo"a"
)8i6e"en&
e
8e'u&ti+l
e
Temo"a")
8i6e"en&
eele;ant
assets an'
lia+ilities
$ $ $ $ $ $
Assets.ccounts
%eceiable
1)+ +00 /0 ) +00 12 000 ) +00
repaid
insurance
' 00 /' 00 0 0 ' 00
lant 1+0 000 /1+0
000
100 00016 100 000 +0 000
*eelop!e
nt costs
+ 000 /+ 000 0 0 + 000
-ia+ilities
%ent
receied in
adance
2+ 000 /2+ 000 0 2+ 000
roisionor
-arranty
2 000 /2 000 0 2 000
Long
serice
leae
payable
13 000 /13 000 0 13 000
Te!porary
di
8/20/2019 Sample Past Exam Questions Revised
6/23
=r *eerred tax liability 3+ )0
)
8/20/2019 Sample Past Exam Questions Revised
7/23
Solution &%
*T. beginning 21
8/20/2019 Sample Past Exam Questions Revised
8/23
Question 2/ Total: 2! ma"#s
>a)?el' -t'
In&ome Statement
Yea" En'in3 0 .une 200=
Income
Sales 210 000
Government Grant 10 000
Rental Revenue 65 000 285 000
Expenses
Goodwill Impairment 12 000
Doubtful Debts Expense 6 200
Depreiation Expense! "lant 1# 000
Entertainment Expense 1$ $00
Insurane Expense 6 $00%nnual &eave Expense 12 000
'arrant( Expense 8 000
)t*er Expenses 12 #00 8# 200
"rofit before tax 200 800
9alan&e S*eet ex&e"t%
As at 0 .une 200=
2009 2008
Assets
+as* 12 000 18 000
%ounts Reeivable ,2 000 85 000%llowane for Doubtful Debts -# 000. -5 200.
Rent Reeivable # 000 # 500
"repaid Insurane $ #00 5 600
"lant 1#0 000 1#0 000
!%umulated depreiation -"lant. -#2 000. -28 000.
Goodwill -net. 10 200 22 200
Deferred /ax %sset -D/%. 5 2$0
Liabilities
%ounts "a(able 8 000 6 000
%nnual &eave "a(able 10 500 $ 500
"rovision for 'arrant( 200 6 200
+urrent /ax &iabilit( !Deferred /ax &iabilit( -D/&. 2 150
Additional Information:
a lant is depreciated straight line oer its useul lie o 10 years6 The rateor tax is 20 straight line6
b The tax rate is 306
8
8/20/2019 Sample Past Exam Questions Revised
9/23
Required:
a =alculate and record the balance o any current tax liability or AayfeldLtd as at 30 June 2006 /1+ !ar>s
+% *eter!ine the end o year adCust!ents in deerred tax assets anddeerred tax liabilities using the wor>sheet on the last page o theexa!ination6 repare the Cournal entries or the adCust!ents in the answerboo>let /do not net o< balances in deerred tax asset and deerred taxliability accounts6 /10 !ar>s
8/20/2019 Sample Past Exam Questions Revised
10/23
Question 2 a% Solution
>AYFIE-8 -T88ete"mination o Taxa+le In&ome
o" )ea" en'e' 0 .une 200=%
.ccounting proft beore inco!e tax 200 800
Add:
*epreciation plant 1' 000
&ntertain!ent &xpense 13 300
*oubtul debts expense ) 200
.nnual leae expense 12 000
-arranty &xpense 8 000
,nsurance expense ) 300
,!pair!ent o goodwill /non4
deductible
12 000
%ental %eenue )+ +00 13 300
Deduct:
%ent %eenue )+ 000
#rant ,nco!e /exe!pt 10 000
*epreciation o plant or tax 28 000
(ad debts written o< '00
.nnual leae paid + 000
-arranty &xpense 000
,nsurance paid ' 100 /12) +00
Taxable income 211 )00
=urrent tax liability D 30 )3 '80
Inome /ax Expense Dr 6$ #80
=urrent Tax Liability =r )3 '80
Question 2 +% Solution 10 ma"#s%
10
8/20/2019 Sample Past Exam Questions Revised
11/23
>a)?el' -t'Tax E6e&t @o"#s*eet
as at 0 .une 200=
Ca"")in3
Amount
Taxa+le
Amount
8e'u&ti+l
e Amount
Tax
9ase
Taxa+le
Temo"a")
8i6e"en&
e
8e'u&ti+l
eTemo"a"
)
8i6e"en&
e
$ $ $ $ $ $
Assets.ccounts
%eceiable
88 000 0 ' 000 2 000 ' 000
%ent
%eceiable
' 000 /' 000 0 0 ' 000
repaid
insurance
3 '00 /3 '00 0 0 3 '00
lant 8 000 /8 000 +) 000E +) 000 '2 000#oodwill 10 200 /10 200 0 0 10 200-ia+ilities
.ccounts
ayable
8 000 0 0 8 000
.nnual
leae
Liability
10 +00 0 /10 +00 0 10 +00
roision
7or
-arranty
200 0 / 200 0 200
Te!porary
di
8/20/2019 Sample Past Exam Questions Revised
12/23
+ost of "lant 1#0 000
%umulated depreiation for tax purposes -8# 000.
uture dedutible amount 56 000
%umulated depreiation for tax 4 20 of 1#0 000 x number of (ears depreiated
umber of (ears depreiated 4 aountin7 aumulated depreiationaountin7 depreiation
per (ear
4 #2 0001# 000 4 $
/*us9 a: dep for tax 4 -0:2 x 1#0 000. x $ 4 8# 000
The journal entry required to record moements in the de!erred tax accounts !or theyear ended "0 #une 2009 $ould be%
*eerred Tax .sset *r 1 280
,nco!e Tax &xpense *r 11 30
*eerred Tax Liability =r 12 )0
12
8/20/2019 Sample Past Exam Questions Revised
13/23
Question Total: 10 ma"#s
Fn 1 July 20089 Garey Ltd purchased a bloc> o land and building or $2 000 000
cash6 The air alue was assessed as $1 000 000 or the land and as $1 000 000
or the building6 Garey Ltd decided to use the realuation !odel to account or
land and buildings in accordance with ..;(11) Property Plant and Equipment 67or accounting and taxation purposes9 the depreciation rate or the building9 is
straight line oer the expected lie o 10 years6 The tax rate is 306
7air alues or the ollowing two /2 years were as shown below"
%sset air value
$0 ;une 200,
air value
$0 ;une 2010
&and 1 200 000 ,00 000
s
b repare Cournal entries to record the realuations on 30 June 200 and30 June 2010 or the (uilding6
/+ !ar>s
13
8/20/2019 Sample Past Exam Questions Revised
14/23
Question a% Solution
0 .une 200= /to record the air alue or land9 increasing ro! 1 000 000 up
to1 200 000
*% Land 200 000
=% .sset %ealuation %esereBsurplus 200 000
*% .sset %ealuation %esereBsurplus )0 000
=% *TL )0 000
O A-TENATIE-Y &om+ine t*e to ent"ies
*% Land 200 000
=% .sset %ealuation %esereBsurplus 1'0 000
=% *TL )0 000
0 .une 2010 /to record the drop in air alue ro! =. o 1 200 000 down to00 000" land !ust drop by 300 0009 and the loss !ust frst use up
realuation resere and *TL H200 000I and then re!ainder !ust go to : L
as loss6
*% Loss on %ealuation 100 000
*% .sset %ealuation %esereBsurplus 1'0 000*% *TL )0 000
=% Land 300 000
1'
8/20/2019 Sample Past Exam Questions Revised
15/23
Question +% Solution
-or>ing Fut 30 June 200"
Friginal =ost 1 000 000
1yr dep /100 000
=. 00 000
7air alue 810 000
%ealuation *ecr6 0 000
0 .une 200=
*% Loss on %ealuation 0 000
*% .ccu!ulated *epreciation 100 000
=% (uilding 10 000
-or>ing Fut 30 June 2010"
=. 1 July 200 810 000
1 yr dep /oer yr /0 000
=. 30 June 2010 20 000
7air alue 1 100 000
%ealuation incre6 380 000
0 .une 2010
*% (uilding 20 000
*% .ccu!ulated *epreciation 0 000
=% #ain on %ealuation 0 000
=% .sset %ealuation %esereBsurplus 20 000
*% .sset %ealuation %esereBsurplus 8 000
=% *TL 8 000
O A-TENATIE-Y &om+ine t*e to ent"ies:
*% (uilding 20 000
*% .ccu!ulated *epreciation 0 000
=% #ain on %ealuation 0 000
=% .sset %ealuation %esereBsurplus 203 000
=% *TL 8 000
1+
8/20/2019 Sample Past Exam Questions Revised
16/23
Question < 10 ma"#s
#oldfsh LtdKs euity at 30 June 2010 was as ollows"
$
2'0 000 ordinary . shares issued at $)9 paid to $3 20 000
20 000 + redee!able preerence shares issued at $29 ully paid '0 000Fptions /30 000 D '0c 12 000
#eneral resere 1+0 000
%etained earnings 2'0 000
&ach option entitles the holder to one ordinary . share at a price o $+6+0 per
share9 exercisable by 10 *ece!ber 20106 .ny options not exercised by this date
will lapse6
The ollowing eents occurred during the year ended 30 June 2011"
2010
July 1 20 000 ordinary ( shares were priately placed at $2 per share9
ully paid6 The purpose o this issue was to und the rede!ption o
preerence shares6
July 1+ The preerence shares were redee!ed at a price o $260+ per share6
July 20 %ede!ption cheues were issued to the preerence shareholders6
*ece!ber 102+ 000 ordinary . shares were allotted as a result o 2+ 000 optionshaing been exercised9 with shares being paid or in ull upon
allot!ent6
2011
January 10 . fnal call was !ade on ordinary . shares9 with !oney due by
7ebruary 10 20116
7ebruary 10 $1' 000 o call !oney was receied by this date6
Aarch 2 The shares on which the call was unpaid were oreited6 The
co!pany reunded the balance arising ro! the oreiture o shares6
June 30 *iidends o 10c per share were declared by the directors6 Mo
approal by shareholders was necessary6
Required:
repare general Cournal entries to record the aboe transactions /Marrations arenot reuired6
/10 !ar>s
1)
8/20/2019 Sample Past Exam Questions Revised
17/23
Question < Solution
2010
1 July *r =ash '0 000
=r ;hare =apital Frdinary ( '0 000
/20 000 shares D $2
1+ July *r ;hare =apital reerence '0 000
=r ;hareholdersK %ede!ption .ccount '0 000
/20 000 shares D $2
*r %etained &arnings 1 000
=r ;hareholdersK rede!ption .ccount 1 000
/pre!iu! o + cents on 20 000 shares
20 July *r ;hareholdersK %ede!ption .ccount'1 000
=r =ash '1 000
10 *ec *r =ash 13 +00
=r ;hare =apital Frdinary . 13 +00
/2+ 000 shares D $+6+0
*r ;hare Fptions 12 000
=r ;hare =apital 10 000
=r Lapsed Fption %esere 2 000
/2+ 000 options D '0c exercisedN + 000 options D '0c lapsed
2011
10 Jan *r =all Frdinary . 20 000=r ;hare =apital Frdinary . 20 000
/2'0 000 shares D $3 fnal call
10 7eb *r =ash 1' 000
=r =all Frdinary . 1' 000
/total $1' 000 receied at $3 each ? 238 000 shares paidN thus 2 000
hae not
paid
2 Aarch *r ;hare =apital Frdinary . 12 000=r =all ) 000
=r 7oreited ;hares Liability ) 000
/2 000 $) shares oreitedN $3 receied preiously9 $3 call not receied
*r 7oreited ;hares Liability ) 000
=r =ash ) 000
/reund
30 June *r %etained &arningsBdiidend declared28 300
=r *iidend ayable 28 300
/10c x H238 000 @ 20 000 @ 2+ 000I
1
8/20/2019 Sample Past Exam Questions Revised
18/23
Question ! Total: 10 ma"#s
The !anage!ent o ;hoe Gabit Ltd had been concerned that oer the last ew
years the co!panyKs !ar>et alue appeared to be higher than what was
recorded in the co!panyKs boo>s6 ,n order to address this concern9 they
e!ployed you and a tea! o accountants to loo> oer their drat fnancialstate!ents or the year ending 30 June 20106 (eore they could fnalise these
state!ents they wanted to deter!ine whether there were !ore assets that could
be recorded or the co!pany6 ,n particular the ollowing transactions had been
recorded as expenses in the drat state!ents"
16 $)00 000 spent on deeloping a brand na!e or its new line o winterboots OGot (ootsP6
26 $1 +00 000 spent on the purchase o co!puter sotware6 ;ubseuent tothe purchase9 a urther $200 000 was spent on updating the sotware6
36 $1 200 000 spent on the purchase o Gigher Geel ty Ltd9 a local rial
co!pany6 Gigher Geel ty Ltd had on its boo>s $800 000 o net tangibleassets6 ,t had also deeloped a patent or a new shoe that would eli!inatethe need or heels in high heel shoes6 This patent had been alued at $3000009 but had yet to be registered6
Required:
repare a report to the !anage!ent o ;hoe Gabit Ltd explaining whether in
each o the aboe transactions an intangible asset can be recorded9 and identiy
the i!pact that any intangible asset will hae on the fnancial state!ents /both
the current year and uture years6 Qour answer should reer to ..;( 138
Intangible Assets9 including specifcally the defnition9 recognition9 and!easure!ent criteria6 /10 !ar>s
18
8/20/2019 Sample Past Exam Questions Revised
19/23
Question ! Solution
AAS9 1B 'e?nitions
.sset" . resource"
controlled by an entity as a result o past eentsN and
ro! which uture econo!ic benefts are expected to Row to the entity6
,ntangible asset" .n identifable non4!onetary asset without physical substance6
,dentifable" .n asset is identifable when it"
/a is separable ie can be separated or diided ro! the entity and sold9
transerred9 licensed9 rented or exchanged9 either indiidually or together with a
related contract9 asset or liabilityN or
/b arises ro! contractual or other legal rights6
AAS9 1B "e&o3nition D measu"ement o inte"nall) 3ene"ate'
intan3i+le asset
• Snder ..;( 138 internally generated brands9 !astheads9 publishing titles9
custo!er lists and ite!s si!ilar in substance shall not be recognised asintangible assets6
• .ccordingly9 ;hoe Gabit Ltd cannot record an intangible asset or transaction
1 internally generated brand na!e and should continue to expense anyurther costs incurred in relation to deeloping the brand na!e OGot (ootsP6
AAS9 1B "e&o3nition D measu"ement o u"&*ase' intan3i+le assets
• The purchased co!puter sotware !eets the asset defnition6 ;hoe Gabit Ltd
has control as it has the power to obtain the uture econo!ic benefts Rowingro! it and can restrict the access o others to it6 7uture econo!ic beneftsexist in the or! o potential sales6
• ,t also !eets the intangible asset defnition9 as it is non4!onetary9 has nophysical substance9 and is identifable as it can be sold9 transerred9 etc6
• .ssu!ing that it is probable that uture econo!ic benefts will be obtained
ro! use o the sotware9 ;hoe Gabit LtdKs can recognise in transaction 2 anintangible asset at cost$1 +00 0009 and then a!ortise the asset oer its useul lie6
• The i!pact will be an increase in assets and a s!aller expense recorded eachyear as the capitalised costs are a!ortised6
AAS9 1B "e&o3nition D measu"ement o su+seuent exen'itu"e
• Snder ..;( 138 subseuent expenditure on brands9 !astheads9 publishing
titles9 custo!er lists and ite!s si!ilar in substance /whether externallyacuired or internally generated is always expensed as incurred6
• Gence9 ;hoe Gabit Ltd should expense the $200 000 that was spent on
updating the sotware in transaction 26
1
8/20/2019 Sample Past Exam Questions Revised
20/23
AAS9 "e&o3nition D measu"ement o intan3i+le assets a&ui"e' in a
+usiness &om+ination
• The atent acuired is an intangible asset9 !eeting the defnition in relation
to identifability as the co!pany has legal rights to its use6 .s the asset isacuired as part o a business co!bination9 irrespectie o it being aninternally generated intangible asset9 it can be recognised as long as airalue can be !easured reliably6
• .s the atent was acuired in a business co!bination9 air alue can be!easured using aluers and their !easure!ent techniues6 Thus intransaction 3 ;hoe Gabit Ltd can record a $300 000 atent9 increasingassets6 The useul lie o the atent needs to be deter!ined to see i it needsto be a!ortised6
• .s ;hoe Gabit Ltd acuired the business worth $1 100 000 /800 000 @ 3000009 and gae $1 200 000 in consideration9 it will be able to record #oodwillo $100 0006 This is subCect to an i!pair!ent test annually9 but is notreuired to be a!ortised6 Thus an increase in assets and possible uturei!pair!ent losses will arise6
20
8/20/2019 Sample Past Exam Questions Revised
21/23
Question Total: 1! ma"#s
Fn 1 July 2009 Aonster Ltd enters into an agree!ent to ta>e oer the business
o .lien Ltd6 Fn this date the business co!bination too> place with .lien LtdKs
(alance ;heet as ollows"
Ca"")in3 Amount Fai" alue
$ $
=ash 20 000
.ccounts %eceiable +) 000
,nentory 2 000 +0 000
lant : &uip!ent /net 12 000 1'0 000
232 000
.ccounts ayable 31 000Aortgage loan +1 +00
Frdinary . shares $29 ully paid '0 000
Frdinary ( shares $19 ully paid )0 000
%etained earnings ' +00
232 000
Additional information:
16 Aonster Ltd is to acuire all the assets /except cash and liabilities o .lienLtd6
26 .lien Ltd has been underta>ing research into a new transport ehicle andhas expensed a total o $1+ 000 in research and deelop!ent costs6Aonster Ltd deter!ines that the air alue o this in4process research anddeelop!ent is $' 000 at acuisition date6
36 ,n exchange or the acuired business9 Aonster Ltd will gie the Frdinary .shareholders $' per share in cash9 $2 payable at acuisition date9 and $2payable in one yearKs ti!e /resent alue o $1 discounted at 10 is06016 .lso9 Aonster Ltd will gie the Frdinary ( shareholders o .lienLtd two shares in Aonster Ltd or eery fe shares held in .lien Ltd6 Theair alue o each Aonster Ltd share is $36 =osts to issue these shares willa!ount to $1 006
'6 .dditionally9 Aonster Ltd is to proide .lien Ltd with one o its newestAotor ehicles which had an original cost o $+2 0009 and an accu!ulateddepreciation o $28 0006 .t 1 July 200 the air alue o the !otor ehicleis $30 0006
+6 =osts to transport and install .lien Ltd assets at Aonster LtdKs pre!iseswill be$+ 0006
Required:
a repare an acuisition analysis in relation to this acuisition6/ !ar>s
b repare the Cournal entries in the boo>s o Aonster Ltd to record theacuisition o .lien Ltd on 1 July 2006
21
8/20/2019 Sample Past Exam Questions Revised
22/23
/8 !ar>s
22
8/20/2019 Sample Past Exam Questions Revised
23/23
Question a% Solution 4 ma"#s%Fai" ;alue o i'enti?a+le net assets:
.ccounts receiable +) 000
,nentory +0 000
:& 1'0 000
,n4process %:* ' 000.ccounts payable /31 000
Aortgage loan /+1 +00
$1) +00
Consi'e"ation t"anse""e':
;hares
)0 000B+ x 2 ? 2' 000 shares D $3 2 000
=ash
$2 x 20 000 /$'0 000B$2 '0 000
$2 x 20 000 x 0601 3) 3)'
ehicle 30 000$18 3)'
#oodwill ? 18 3)' 1) +00 $10 8)'
Question +% Solution B ma"#s%*r .ccounts %eceiable +) 000
*r ,nentory +0 000
*r lant : &uip!ent 1'0 000
*r atent ' 000
*r #oodwill 10 8)'=r .ccounts ayable 31 000
=r Aortgage loan +1 +00
=r =onsideration payable ) 3)'
=r roceeds on sale o Aotor ehicle 30 000
=r ;hare =apital 2 000
*r =onsideration payable '0 000
=r =ash '0 000
*r ;hare capital 1 00=r =ash 1 00
*r .cuisition related expenses + 000
=r =ash + 000
*r .ccu!ulated depreciation A 28 000
*r =. o A sold 1' 000
=r Aotor ehicle +2 000
23