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BICA Qualification Practice Questions - BICA Botswana Chartered Accountancy Qualification Exam

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Gaborone Enterprises acquired a heavy industrial machine on 1 January 2024 for P2,400,000. The machine consists of a main structural body (cost P1,800,000; useful life 15 years; nil residual value) and a specialized turbine unit (cost P600,000; useful life 5 years; nil residual value). Straight-line depreciation is applied. On 31 December 2025, before any revaluation, what is the total carrying amount of the machine under IAS 16 Property, Plant and Equipment?
Correct Answer:
P1,920,000

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