Question: On 1 July 2 0 . 1 , Joe Traders bought two machines for R 8 4 0 0 0 was given a 5 %

On 1 July 20.1, Joe Traders bought two machines for R84000 was given a 5% cash discount.BB Logistics delivered the machinery to Joe Traders and charged R2500. Both machinery were installed for R4500. Joe Traders uses the diminishing balance method and the photocopier will be depreciated at 25% per annum. Joe Traders also purchased 1000 boxes of A4 copier paper on 1 July 20.1 for R130000.
The financial year-end of Joe Traders is 30 June.
What will be the carrying(book)value of the machines on 30 June 20.4?

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