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PROVINCIAL mSCOA & FINANCIAL MANAGEMENT FORUM

www.kzntreasury.gov.za

GRAP 17 – PROPERTY, PLANT AND EQUIPMENT Assessing Residual values • Example: A municipality has purchased an Audi on 1 July 2014 for R 400 000. • In order to determine the residual value, the entity must determine the useful life of the asset.

  Management, Life, Financial, Forum, Provincial, Residual, Ascom, Provincial mscoa amp financial management forum

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