Extract from the Fixed Assets Register of vehicles: Calculate the amounts indicated by (i) to (iii).

REQUIRED 3.2.1 State TWO points for good internal control over movable fixed assets. 1. Regular physical verification of assets and reconciliation with the fixed asset register. 2. Proper authorization procedures for the acquisition, disposal, and movement of all movable fixed assets. 3.2.2 Calculate the following: Cost price of land and buildings on 28 February 2026 Step 1: Identify the initial cost and additions to land and buildings. Initial cost (1 March 2025) = R5\,600\,000 New storeroom built (Information B) = R400\,000 Electrical, plumbing and painting (Information B) = R38\,000 Step 2: Calculate the total cost price. Cost price on 28 February 2026 = R5\,600\,000 + R400\,000 + R38\,000 = R6\,038\,000 Loss on the old fridge that was sold on 30 September 2025 Step 1: Calculate depreciation on the fridge for the current financial year until the date of sale. The financial year ends 28 February. The fridge was sold on 30 September 2025. Depreciation period: 1 March 2025 to 30 September 2025 (7 months). Carrying value on 1 March 2025 = R23 400 (Information C). Depreciation rate for equipment = 20% p.a. on diminishing balance (Information F). Depreciation = R23\,400 × 20\% × (7)/(12) = R2\,730 Step 2: Calculate the carrying value at the date of sale. Carrying value at 30 September 2025 = R23\,400 - R2\,730 = R20\,670 Step 3: Calculate the loss on sale. Selling price = R17 500 (Information C). Loss on sale = Carrying value at sale date - Selling price Loss on sale = R20\,670 - R17\,500 = R3\,170 Total of the depreciation on the new cash register bought on 1 December 2025 and the remaining old equipment for the year ended 28 February 2026 Step 1: Calculate depreciation on the new cash register. Cost of new cash register = R65 000 (Information D). Date bought = 1 December 2025. Depreciation period: 1 December 2025 to 28 February 2026 (3 months). Depreciation rate for equipment = 20% p.a. on diminishing balance (Information F). Depreciation (new cash register) = R65\,000 × 20\% × (3)/(12) = R3\,250 Step 2: Calculate the carrying value of remaining old equipment on 1 March 2025. Equipment at cost (1 March 2025) = R745 000 (Information A). Accumulated depreciation on equipment (1 March 2025) = R233 000 (Information A). Total carrying value of equipment (1 March 2025) = R745 000 - R233 000 = R512 000. Carrying value of sold fridge (1 March 2025) = R23 400 (Information C). Carrying value of remaining old equipment (1 March 2025) = R512\,000 - R23\,400 = R488\,600 Step 3: Calculate depreciation on the remaining old equipment for the full year. Depreciation rate for equipment = 20% p.a. on diminishing balance (Information F). Depreciation (remaining old equipment) = R488\,600 × 20\% = R97\,720 Step 4: Calculate the total depreciation. Total depreciation = Depreciation (new cash register) + Depreciation (remaining old equipment) Total depreciation = R3\,250 + R97\,720 = R100\,970 3.2.3 Refer to information E. Calculate the amounts indicated by (i) to (iii). (i) Depreciation for the year ended 28 Feb 2026 Step 1: Calculate the depreciation for the year. Cost price of delivery vehicle = R450 000 (Information E). Depreciation rate = 25% p.a. on cost (Information E and F). Depreciation (i) = R450\,000 × 25\% = R112\,500 (ii) Accumulated depreciation on 28 Feb 2026 Step 1: Add the current year's depreciation to the previous accumulated depreciation. Accumulated depreciation on 28 Feb 2025 = R375 000 (Information E). Depreciation for the year ended 28 Feb 2026 (i) = R112 500. Accumulated depreciation (ii) = R375\,000 + R112\,500 = R487\,500 (iii) Carrying value on 28 Feb 2026 Step 1: Calculate the carrying value. Cost price = R450 000 (Information E). Accumulated depreciation on 28 Feb 2026 (ii) = R487 500. Carrying value (iii) = Cost price - Accumulated depreciation Carrying value (iii) = R450\,000 - R487\,500 = \ ✂️ _That answer was long and got cut off. Reply continue and I'll finish it._