Langa Ltd purchased new machinery three years ago for R7 million. The machinery can be sold today for R3,3 million. Adonis's current statement of financial position shows net non-current assets of R4 million, current liabilities of R2.3 million and net working capital of R900 000. If all the current accounts were liquidated today, the company would receive R2,8 million cash. What is the book value of Adonis's assets today? What is the market value? [2]
R4.9 million; R3.3 million
R7.2 million; R6.1 million
4.9 million; R3.5 million
R5.5 million; R3.3 million