# Accounting Paper 1, November 2024, question 1.1.3

> Calculate the total depreciation on vehicles for the year ended 28 February 2025. Marked mark by mark. Q1.1.3, Accounting Paper 1 November 2024, 5 marks.

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Last updated: 2026-11-12

Subject: Accounting. Source: Based on Nov 2024 · Paper 1 · Q1.1.3. Marks: 5. Not yet checked by a teacher.

## Question 1.1.3 (5 marks)

Mabuza Traders Ltd depreciates vehicles at 20% p.a. on the carrying value (diminishing balance method). The financial year ends on 28 February 2025.

Vehicle information:
1. A new vehicle costing R400 000 was bought on 1 September 2024.
2. An old vehicle was traded in on 1 September 2024. It had cost R300 000 and its accumulated depreciation on 1 March 2024 was R90 000.
3. The carrying value of the remaining vehicles on 1 March 2024 was R450 000. There were no other changes during the year.

Calculate the total depreciation on vehicles for the year ended 28 February 2025.

## Practise it

[Answer this question](https://sharpkop.co.za/accounting/2024-nov-p1/q1-1-3/) and see it marked mark by mark, with the reason for every lost mark.

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