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Question 31 Not yet Read the scenario below and answer the answered questions that follows: Marked out of 10.00 RLtd is the company that started
Question 31 Not yet Read the scenario below and answer the answered questions that follows: Marked out of 10.00 RLtd is the company that started operating on the 1st January 2018. At its inception, the company bought a delivery vehicle with the cost of R200000 and it is depreciated at 20% p.a. using a straight-line method and the residual value is R10000. On the 30 June 2019, the company bought an equipment to the value of R 25000 and it is depreciated at 10% p.a. using diminishing balance method to nil residual value. Required: Calculate the amount to be disclosed in the Property, Plant and Equipment in the statement of Financial Position of R Ltd on 31 December 2019
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