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On 1 July 20.1, Joe Traders bought three printers for R84 000 each from Qwerty Technologies and was given a 10% cash discount. BB

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On 1 July 20.1, Joe Traders bought three printers for R84 000 each from Qwerty Technologies and was given a 10% cash discount. BB Logistics delivered all three printers to Joe Traders and charged R2 500. Financing costs on loans amounted to R2 750, and maintenance costs amounted to R1 650 were paid in cash to acquire the printers. Joe Traders uses the diminishing balance method at a depreciation rate of 20%. The financial year-end of Joe Traders is 30 June. What is the cost price of the printers? NB: Instructions 1. Do not type the amount with any spaces as separators for thousands (eg: 12141) 2. Round off to the nearest Rand (eg: 50.56 is 51) 3. Only show the amount, do not show the R (eg: 12141) Answer:

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