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Calculate the accumulated depreciation amount

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Reference no: EM133152623

Question - Use the below information to answer the question:

As at 1 July 2019, the carrying amount of plant and machinery is R 2 100 000.

Plant and machinery depreciates at 25% per annum according to the diminishing balance method.

Plant and machinery was acquired on 1 July 2017.

Required - Use the information to calculate the accumulated depreciation amount and the cost price of plant and machinery as at 1 July 2019.

Reference no: EM133152623

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