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Africa Traders is Not a registered VAT vendor. Africa Traders current financial period end on 28 February 2021. On 30 November 2017, Africa Traders purchased
Africa Traders is Not a registered VAT vendor. Africa Traders current financial period end on 28 February 2021. On 30 November 2017, Africa Traders purchased a manufacturing plant, with the intention of using the manufacturing plant to support the business operations. The manufacturing plant was purchased for a cash amount of R455 000. Africa Trader's accounting policy requires that manufacturing plant to be depreciated using a straight-line method at 15% per annum. Which of the following option represent the correct disclosure of Property, plant and equipment in the statement of financial position of Africa Traders for the year-ending on 28 February 2021? A. Statement of financial position of Africa Traders for the year ending 28 February 2021 Non-Current Assets Property, plant and equipment R227 500 B. Statement of financial position of Africa Traders for the year ending 28 February 2021 Non-Current Assets Property, plant and equipment R233 178.50 Statement of financial position of Africa Traders for the year ending 28 February 2021 Non-Current Assets Property, plant and equipment R216 125 Statement of financial position of Africa Traders for the year ending 28 February 2021 Non-Current Assets Property, plant and equipment R221 812 50 Reset Selection
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