7. MIKOSTORES purchased a piece of equipment for 930,000 on 1 April 2018. Depreciation was charged at 12.50% per annum on a straight-line basis from the date of purchase until 1 April 2022. The equipment was revalued under IAS 16 Property, Plant and Equipment on 1 April 2012 to its fair value of 415,000 and the remaining useful life is assessed at four years from that date. The residual value is estimated to be zero. What is the amount charged to profit or loss in respect of the above transactions for the year ended 31 March 2023? * (8 Points) None of the above Expense 153,750 Expense 50,000 Expense 103,750