Property Plant and Equipment Schedule (PPE Note) FULL EXAMPLE

[@devanhaseejiram2709]

You are the only person on KZbin that has an explained example for PPE. Thank you Sir!

[@Counttuts]

Hello Devanha, glad it helped. Thank you for the feedback.

[@nonhlanhlamajola9411]

After 2 years, I've come back to give thanks for this vid. It helped a lot. For some reason, I thought you're way better than my former accounting teachers in explaining. You're good. Thank you, Thank you, Thank you very much. Stay blessed

[@OkuhleSyabonga-b5o]

I never thought I'll be an expert in this NOTE...thanks to you❤❤

[@mercyjulius4231]

I just needed this now at this moment, I am writing Financial Acc. 2 today @ 14H00 and the explanations are way much clearer!! Thank you!!

[@abm5707]

I have been struggling for a while with PPE, thank u for the good work u have done. I appreciate.

[@duduetsangmaluleke1562]

please keep doing what you are doing you have no idea how many times I've thought of dropping this course but ever since i found your videos im gaining confidence . thank you so much Sir!!

[@Counttuts]

Great to hear!

[@harrietnehale]

❤️❤️❤️You explained it so well Thank you sir, much love from Namibia 🇳🇦🥺

[@vanessamulafuri1296]

you explained it very well sir, Thank you sir. much love from South Africa 🌍

[@tabithanjeri1590]

for once i felt like am in class...well done video and well explained ....thumbs up...

[@mongezinkandi6544]

You're the best sir, you've made this so easy now. Absolutely you're the first one to explain for us this like the way you did it. Thank you!

[@Counttuts]

Glad it helped. Thank you for the feedback.

[@tawongasoko6304]

you are so good at explaining this module...your videos are so understanding and useful😊

[@tisanisiziphiwe7616]

I'm here in 2020 thank you, you explained it in detail ♥️

[@pontshovioletmokale2827]

You simplify accounting,may God you more wisdom❤

[@SamuelShibambu-by7gf]

I subscribed few minutes after watching this video, I learnt a lot and I like how you explain. Thank you so much!

[@tresorkambale6084]

Finally someone that explains it perfectly 🙏🏽

[@zukosihle7197]

wow as from now i know how to do PPE thankyou sir and you are clear even your english

[@tiisetsomohlabi1722]

I'm here in 2020 and thank you very much for making it easy for some of us who don't have accounting background thank you very helpful

[@juliamgengwana9056]

The explanation was clear it has helped me a lot. Thank you Sir.

[@titan_sixx4784]

This video helped a lot.. And I think I'm going to Ace this exam....

[@Wilker_Pewah]

Wooow you are just a life saver ❤🎉

[@sterlingdekoe]

Such a good explanation!!!! Thank you

[@sbonakaliso7271]

I understood very well thank you very much.

[@Counttuts]

You are welcome.

[@kikkyboo5594]

youre an amazing teacher

[@baarla281]

I really love your explanation. Bless to u.

[@Counttuts]

Thank you for your kind feedback. Blessings

[@palesatshabalala3131]

You're the best. Thank you so much for this video

[@Counttuts]

Hello Palesa, thank you for the kind feedback :)

[@Mtusie_Buhlerh]

ITS PERFECT MAN THANK YOU

[@Counttuts]

Glad it helped. Thank you for the feedback.

[@danielzivavose49]

Yu are simply amazing heyy. Thanks again heey. Your work is remarkable

[@rebekahgovender4399]

Hi. Thanks for this explanation really helps. God bless

[@Counttuts]

You're welcome. Glad it helped.

[@aaroacademy]

Thank you for this Presentation. Much appreciated.

[@thabangmalema3322]

well explained you are the best sir. Thank u

[@kkapose]

Thank you so much Sir, well explained 🙏🏽

[@samkariuki5210]

you've really helped me a lot. i have an exam tomorrow. thank you

[@Counttuts]

All the best for your exam :)

[@chisomfavour7825]

God Bless you sir yhoo❤

[@mantombishongwe877]

much appreciated. i get it much better now.

[@mercywambui2512]

Hey loved the lecture can you kindly explain in the case where there is trade in for another equipment such that you dispose by offering the asset in exchange of another and a payment of cash

[@nosiphomalope2599]

Loved this, so well explained❤

[@mechtildaokello1425]

Great explanation

[@Counttuts]

Glad it was. Thanks

[@ayandandala7330]

oooh my Guy!! This was super helpful thank you. Would like to see more examples definitely - and how to incorporate timelines when working through the info..dates etc.

[@Counttuts]

You are welcome. Thank you for the suggestion :). We shall look in to it.

[@patrickndikandika9639]

Thank you so much for your wonderful help.

[@Ndjeseye]

Thank you Very Much Sir,I'm getting somewhere!!

[@Counttuts]

Glad that you are. Thanks for the feedback :)

[@resegomatlala2050]

Thank you VERY MUCH.

[@nkosingiphilehlogwane3155]

Thank you for explaining the PPE and are there any videos with the impairment value/amount

[@charityfisher9991]

Thank you for explaining so nice .

[@Counttuts]

You are welcome Charity.

[@kekeletsomasenkane]

Can you show me how they calculated the depreciation of the sold vehicle R1860?

[@nakabiryejulian8779]

This is good can this table be used instead of T account thanks

[@StheFuze]

its 2020,I am here, thank you for making it possible for me to understand....oh wow you made it look so easy.

[@destawkibret]

very interested learning

[@KgapyanaSurpriseKobo]

I didn't understand the ppe note until I saw this.

[@willymagessa8394]

well explained, thank you

[@vanessanonhlanhla3178]

well explained

[@vanessanonhlanhla3178]

How can I communicate with you. I have MAC1501 assignment I need help.

[@dimphomokoena4982]

Please do notes to financial statements

[@thobilemaphanga1812]

Very interesting

[@mpumevilakazi8372]

Hi sir, i have a query here on the depreciation of buildings, doesn't IAS16 tell us to start depreciating an item of PPE on the date it becomes available for use not when it actually starts being used? because in this example we calc. depreciation based on the 2 months it started to be occupied.

[@vathiswagasa6422]

Clear explanation thank you Sir. When the non current asset is revalued at surplus or loss how is it disclosed on the PPE note?

[@Counttuts]

When there are revaluations, another row is created for revaluation. If it is a surplus, you put it as a positive and negative if a loss.

[@eulendamhambi6286]

Great video, simply explained. Just a part that um still not sure of... the part of depreciation don't we multiply the 2 months and divide by 12 months of the year, especially the land and building since its occupied for 2 months? kindly explain

[@Counttuts]

That's what we did 19:14

[@eulendamhambi6286]

@@Counttuts thanks, wonder how I missed that.

[@tonykiprop5802]

Thank You Chemoke.

[@Counttuts]

You are welcome Tony.

[@tshegofatsomannya5376]

thank you very much

[@shafelaokaudimonhu2436]

Very useful

[@Mitchtosolutions]

What if the vehicle is bought during the period? Does it mean that we add it on additions ? And calculate its depr as well

[@mph_sa7239]

Yes

[@Mitchtosolutions]

@@mph_sa7239 thank you @mph

[@Nalitane]

This was way helpful. Writing financial accounting 2 nex week and I'm so anxious about PPE 😢😔

[@tonworioallenameri7767]

Thank u so much for this explanation.. it really has cleared a lot for me.. However I'm a little confused as to land and building. If the building was fully erected on 1st Jan. 2011 den it still has about two months to d end of d period being 28th February.. so I thought d cost of d building would b recognised at the end of d period . And also depreciation for two months would b charged as well. But I did not see dat in your explanation. Please can u throw more light on building so I can be clear sir. Thanks so much ..

[@tonworioallenameri7767]

Sorry ..I didn't follow it to d end before sending d above. Now I have seen your complete explanation. Bravo .it was very helpful..thanks so much.. Please I need a favour .. how do we can I calculate breakeven point for a non manufacturing business with no units .. and no cost COGS .. pls help .

[@portiafielies4976]

you are really excellent at explaining , i am new to accounting , i have a question on depreciation , it says 10% on depreciation p/a on plant and machinery ( strait line) , it only gives me the cost of R100 000, was bought 1 Jan -, the bal sheet is for end Dec , how do i calc depreciation , everyone is saying i should use total cost less residual value , but i do not know how to find the residual value

[@Counttuts]

Hello, you have to be given the residual value.

[@anitammbaya4831]

What happens if you buy new vehicles,equip...Etc how do we calculate the depreciations,....I have intermidiate acc tomorrow 11.00Am EAT

[@manabaaphane1039]

on land and building , why we didn't separate them as land and building each?

[@SuperAphane]

Thank you Sir

[@sithembilengubande5257]

Thank you

[@lunganisiyabonga7491]

Thanks

[@Counttuts]

You are welcome.

[@sthembisoleonard7314]

please confirm your total depreciation for equipment, I got R21 862

[@soulmphethi4146]

23:00

[@fenasahamed4788]

Is it ACCA FR?

[@JobeLloyd-zq3eu]

I dont understand the Equipment balances From 315000 to 280000 with a disposal of 22940???

[@ebrimamanneh8492]

Pls give us more examples on PPE

[@Counttuts]

Will see if I can do one soon. Thanks for the suggestion.

[@DavidMaposa-u4b]

understandably inkosi ikwenzele kahle

[@annastacianyambura3326]

What does sale proceeds mean

[@Counttuts]

Hello there, it is the amount you receive from the sale.

[@boitshepomatlala8096]

I’m writing in 45 minutes😏

[@arifulsohag1782]

why 600000 will be minus ?

[@kelebogilethumba6699]

🙌

[@dzulanimagara2120]

need help with this

[@IamEllenMokau]

WOW

[@rmvlogs8823]

LECTURE MY LECTURE

[@almighty7558]

Ain't the arrow pointin' at wrong amount 🤦‍♂️.

[@zukosobuza783]

I hate this section of accounting

[@Counttuts]

Keep at it, practice it and you will be fine.

[@mercyjulius4231]

I just needed this now at this moment, I am writing Financial Acc. 2 today @ 14H00 and the explanations are way much clearer!! Thank you!!

[@johannatweuthigilwa402]

Very much helpful. Same here