Not Marl PR The balance in the equipment account was R100 000 on 01 January 2020. The following transactions are expected to take place during 2020: Equipment, cost price R30 000 and accumulated depreciation R24 000, is planned to be sold for R5 000. New equipment with a cost price of R50 000 will be purchased to replace it Total depreciation for the year is estimated to be R25 000. The value of equipment in the proforma statement of financial position as at 31 December 2020 will be Select one: a. R120 000 b. R119 000 CR95 000 d. none of the above O