Pink Trading purchased a truck for R$350000$ on $1$ September $2019.$ The estimated residual value

of the truck is R$120000$ with depreciation at $15\%$ per year on the diminishing balance method.

Pink Trading extended operations by purchasing an excavator for R$312000$ on $1$ June $2020.$ The

owner decided to sell it for R$155000$ on $31$ December $2021$ and replace it with new equipment of

R$285000$ on the same day. Plant and machinery are depreciated over a period of four years. All

property, plant and equipment were bought cash.

Required:

$2\mathrm{.}2$ Present the property, plant and equipment on the Statement of Financial Position for the

year ended $31$ March $2022$ if Pink Trading applied the straight$-$line depreciation method on

the property, plant and equipment.