# Accounting: Fixed assets and disposal

> 4 questions based on past NSC papers, on fixed assets and disposal, 16 marks in our Paper 1 questions. Answer one and see it marked mark by mark.

Canonical: https://sharpkop.co.za/accounting/fixed-assets/
Last updated: 2026-11-12

## Questions

- [Nov 2024 · Paper 1 · Q1.1.1 (2 marks)](https://sharpkop.co.za/accounting/2024-nov-p1/q1-1-1/): Calculate the depreciation on equipment for the year ended 28 February 2025, using the fixed asset information provided.
- [Nov 2024 · Paper 1 · Q1.1.2 (4 marks)](https://sharpkop.co.za/accounting/2024-nov-p1/q1-1-2/): Calculate the cost price of vehicles on 31 August 2024.
- [Nov 2024 · Paper 1 · Q1.1.3 (5 marks)](https://sharpkop.co.za/accounting/2024-nov-p1/q1-1-3/): Calculate the total depreciation on vehicles for the year ended 28 February 2025.
- [Nov 2024 · Paper 1 · Q1.1.4 (5 marks)](https://sharpkop.co.za/accounting/2024-nov-p1/q1-1-4/): Calculate the profit or loss on the vehicle that Lotus Bay Ltd traded in on 1 October 2023. Use the information provided.

## Related

- [Grade 12 Accounting past papers](https://sharpkop.co.za/accounting/)

Questions are based on National Senior Certificate papers set by the Department of Basic Education. Sharpkop is not affiliated with or endorsed by the Department.