Distinctive Financial Reporting (FAC3702)
University of South Africa (Unisa)
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Essay
FAC3702 ASSESSMENT 1 2025 SEMESTER 1. A company exchanges a machine with a carrying amount of R200,000 and fair value of R230 000 for a machine with a carrying amount of R210,000 and fair value of R220 000. Both machines are in similar condition and a
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---24March 20252024/2025A+
- FAC3702 ASSESSMENT 1 2025 SEMESTER 1. 
 
 A company exchanges a machine with a carrying amount of R200,000 and fair 
 value of R230 000 for a machine with a carrying amount of R210,000 and fair 
 value of R220 000. Both machines are in similar condition and age. At what 
 amount should the new machine be recorded? 
 a. 200 000 
 b. 230 000 
 c. 210 000 
 d. 220 000
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