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The carrying value of equipment on 01 January 2024(the start of the financial year) was...

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Accounting

The carrying value of equipment on 01 January 2024(the start of the financial year) was
R600000. Equipment, with a cost price of R180000 and updated accumulated depreciation of R144000, is planned to be sold during November 2024 at a profit of R20000. New equipment with a cost price of R300000 will be purchased on 30 November 2024 to replace it. The total depreciation on equipment for 2024 is estimated to be R150000. How much will be reflected in the pro forma statement of financial position on
31 December 2024 for the carrying value of equipment?
A.
R704000
B. R734000
C. R730000
D. R714000

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