Question: On 01 January 20X4, RYT, a food process company, purchased a machine for R$20,000. RYT depreciates its machines at 20% per annum on a diminishing balance basis. On 31 December 20X5, the machine becomes surplus to requirements and is marketed for sale at its fair value of R$11,000. RYT estimates that the direct costs of selling the machine will be R$500. The sale is considered to be highly probable with an expected completion date of 31 March 20X6. Calculate the amount that should be included in RYR's statement of financial position for the machine as at 31 December 20X5. Give your answer to the nearest whole R$. Do not include symbols, commas or letters in your response.