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On 31 December 2023, the end of the financial year, Spaza Ltd had inventories ...
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On 31 December 2023, the end of the financial year, Spaza Ltd had inventories on hand with a cost of R250 000. On this date these inventories were written down to the net realisable value of R245 000. On 31 December 2024, 20% of the original inventory are still on hand. The net realisable value of this remaining inventory has been estimated at R55 000.
Required:
The value of the closing inventory on hand at the end of the 2024 financial year, will be:
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