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5 A company purchased new machinery on 1 July 2015 for R300 000. Depreciation on the machinery is calculated at 25% per annum on the

5 A company purchased new machinery on 1 July 2015 for R300 000. Depreciation on the machinery is calculated at 25% per annum on the reducing balance method. The company's year-end is 31 December. What is the carrying amount of the machine for the year ended 31 December 2016?

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