Nina is the owner of a bakery called biscet shop in jozi business from a building she inherited from her father, the building was bought in 2016 for
R700 000 On 1 May 2020 Palesa decided to extend the business premises to accommodate
the increased number of customers and produced goods, she paid 400000 to the
construction company
Palesa's Accountant has been hospitalised for a month, she requested you to prepare a report
on tangible assets Palesa will be meeting a potential partner on the 30 of April 2021
REQUIRED
Palesa has requested you to prepare a comprehensive (detailed) report for the financial
year ended on 28 of February 2021. Use the structure provided below to compile your
report
Report on the calculations for depreciation on the following assets
1.1.1
Equipment
Vehicles​