Answer the following multiple$-$choice questions. Indicate your choice by selecting only one option from the four options given for each question answered. Round off all calculations to the nearest Rand or $2$nd decimal $\%,$ where applicable.

QUESTION $18$:

BAP Ltd has completed the purchase of a mine for R$1,600,000.$ According to the terms of the sale agreement, BAP Ltd is required to rehabilitate the mine to its original state at the end of its useful life. The estimated rehabilitation costs, expected at the end of the mine's useful life of $15$ years, are R$500,000.$ The applicable after$-$tax discount rate is $10\%.$

REQUIRED:

What will be the cost of the mine on $31$ December $2023?$

$1.$

R$1672872$

$2.$

R$1600000$

$3.$

R$383027$

$4.$

R$2100000$