FA260US Financial Accounting Assignment Solutions     Question 1 Shapumba Ltd is a company that operates 3 different leisure lodges in the north and north-eastern part of Namibia. The company’s reporting period ends on 30 June. The following relevant accounting policies of Shapumba Ltd are presented to you: Vehicles are depreciated at 10% per year on cost price with no residual The company values its inventory according to the weighted average cost method using the historical cost model. The company subsequently measures investment property according to the fair value The company is preparing the financial statements for the reporting period Read More …