Question: Question 31 Not yet Read the scenario below and answer the answered questions that follows: Marked out of 10.00 RLtd is the company that started

 Question 31 Not yet Read the scenario below and answer the

Question 31 Not yet Read the scenario below and answer the answered questions that follows: Marked out of 10.00 RLtd is the company that started operating on the 1st January 2018. At its inception, the company bought a delivery vehicle with the cost of R200000 and it is depreciated at 20% p.a. using a straight-line method and the residual value is R10000. On the 30 June 2019, the company bought an equipment to the value of R 25000 and it is depreciated at 10% p.a. using diminishing balance method to nil residual value. Required: Calculate the amount to be disclosed in the Property, Plant and Equipment in the statement of Financial Position of R Ltd on 31 December 2019

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