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2 Msigwa Enterprises follows the cost model when measuring its items of property, plant and equipment (PPE), One of its properties was carried at Tzs.
2 Msigwa Enterprises follows the cost model when measuring its items of property, plant and equipment (PPE), One of its properties was carried at Tzs. 57 million in the Statement of Financial Statement as of 31 March 2018. The depreciable amount of this property was estimated at Tzs, 34.2 million on that date and the estimated future economic life of the property on 31 March 2018 was 25 years. The company depreciates its properties on a monthly basis. On 1 January 2019, Msigwa Enterprises decided to dispose of the property as it was surplus to its requirements and began to actively seek a buyer. On the same date, the company estimated that the market value of the property was
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