JJ Ltd acquired a new plant at a cost of R2 350 000 on 1 January 2020. The plant had an estimated residual value of R67 000. The Directors of the company were convinced that the plants expected production life were 4 500 000 units. The plant produced 830 units and 780 units during the first and second year of use ended the 31 December 2020 and 31 December 2021. respectively.

Calculate the depreciation of the plant for the year ended 31 December, 2020.

Select one:

a. R433 444

b. R386 542

c. R438 567

d. R421 087