The following information was extracted from the accounting records of Lele Plastics:

Balances at 1 April 20.19	R
Equipment: Cost	56 000
Accumulated depreciation: Equipment	(37 800)

Additional information

At the beginning of the financial year, 1 April 20.19, Lele Plastics replaced its plastic shredding equipment with new glass recycling equipment that had a purchase price of R250 000. The replaced plastic shredding machine was sold for R10 500 cash, it was the only piece of equipment in the books of Lele Plastics prior to the purchase of the new glass recycling equipment. Depreciation is provided at 15% p.a. on the straight-line method.

The correct property, plant and equipment note for equipment (total column excluded) for Arch Traders on 31 March 20.20 will be:

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LELE PLASTICS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 20.20 LELE PLASTICS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 20.20