The carrying value of equipment was R400 000 on 01 March 2019, the start of the financial year, and R500 000 on 29 February 2020. Depreciation for the year ended on 29 February 2020 amounted to R40 000. Which one of the following represents the cost of the equipment that was purchased during the financial year? O A. R100 000 B. R60 000 O C. R360 000 O D. R140 000
The carrying value of equipment was R400 000 on 01 March 2019, the start of the financial year, and R500 000 on 29 February 2020. Depreciation for the year ended on 29 February 2020 amounted to R40 000. Which one of the following represents the cost of the equipment that was purchased during the financial year? O A. R100 000 B. R60 000 O C. R360 000 O D. R140 000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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