Question 20 of 26 3.0 Points The following information was extracted from the accounting records of Kumkan Traders Balances at 1 November 20.9 R Equipment. Cost 280 000 Accumulated depreciation Equipment (164 800) Additional information (a) Al the beginning of the financial year, 1 November 20 9, Kurnikani Traders decided to upgrade some of its processes by selling old printing equipment for R31 000 cash. The machine was bought on 31 October 20.4 for R180 000. Depreciated was provided for at 15% per annum on the straight-line method (b) On 1 December 20.9 Kumkant Traders bought 3D printing equipment for R145 600 on credit from Fourth Dimension Depreciation on the new machine must be provided for at 25% per annum on the diminishing balance method. Use the information as extracted from the accounting records of Kumkani Traders and assume the accumulated depreciation on the sold equipment was R140 000 at the date of sale and that the total depreciation for the year was R30 367. Which ont of the following alternatives represent the correct amount that must be disclosed as the total carrying amount of equipment at the end of the financial year, 31 October 20.10. A. Total carrying amount at end of the financial year will be R182 433. B. Total carrying amount at end of the financial year will be R245 600. C. Total carrying amount at end of the financial year will be R260 800 D. Total carrying amount at end of the financial year will be R262 433 E. Total carrying amount at end of the financial year will be R63 167 . . Reset Selection