The carrying value of equipment on $01$ January $2024($the start of the financial year$)$ was R$600000.$ Equipment, with a cost price of R$180000$ and updated accumulated depreciation of R$144000,$ is planned to be sold during November $2024$ at a profit of R$20000.$ New equipment with a cost price of R$300000$ will be purchased on $30$ November $2024$ to replace it$.$ The total depreciation on equipment for $2024$ is estimated to be R$150000.$ How much will be reflected in the pro forma statement of financial position on $31$ December $2024$ for the carrying value of equipment?

A$.$ R$714000$

B$.$ R$734000$

R$730000$

D$.$ R$704000$