1. The following items have been extracted from the accounts of a company for the 31 December 2020: ended year Depreciation charge Profit on sale of tangible non-current assets 5.000 2$ 30,000...

Solve the third task, with explanation

Extracted text: 1. The following items have been extracted from the accounts of a company for the 31 December 2020: ended year Depreciation charge Profit on sale of tangible non-current assets 5.000 2$ 30,000 Proceeds from sale of tangible non-current assets 20000 Purchase of tangible non-current assets 25,000 If the carrying amount of tangible non-current assets was $110,000 on 31 December 2019, what was it on 31 December 2020? 2. On I January 2020 a company had plant and equipment with a cost of $150.000 and accumulated depreciation thereon of $60,000. During the year ended 31 December 2020 the cost of plant additions was $30,000 and plant was disposed of with a cost of $20,000 for $18.000. This plant was bought on 30 September 2018. The depreciation policy is to make an allowance of 25% per annum on the declining balance with a full charge in the year of acquisition and none in the vear of disposal. What is the depreciation charge for the vear ended 31 December 2020? 3. Frederick. a wholesaler, has the following information relating to the year ended 31 March 2020 (a) Sales are made on both cash and credit terms. (b) At 1 April 2019 trade receivable were $40.000 and the receivables loss allowance was 7.5% of this amount. (c) Included in opening receivable was an amount of $4.000 relating to Lean which went into liquidation on 2 January 2020 (d) Credit sales during the vear were $195.600 and cash sales $87.800. (e) Cash received from trade receivables amounted to $192.300. (1) Apart from Lean's debt. $3.200 of other debts were found to be irrecoverable during the year. (g) The receivables loss allowance at the end of the year is to be 7.5% of year end trade receivables. Required: Write the ledger accounts for the above transactions. up