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Calculate the amount to be disclosed in the property

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Reference no: EM133022420

Question - R Ltd is the company that started operating on the 1st January 2018. At its inception, the company bought a delivery vehicle with the cost of R200 000 and it is depreciated at 20% p.a. using a straight-line method and the residual value is R 10 000. On the 30 June 2019, the company bought an equipment to the value of R 25 000 and it is depreciated at 10% p.a. using diminishing balance method to nil residual value.

Required - Calculate the amount to be disclosed in the Property, Plant and Equipment in the statement of Financial Position of R Ltd on 31 December 2019.

Reference no: EM133022420

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