Consider the following information about a depreciable asset:

Acquisition date: 1 October 2019

Cost: R700 000

Useful life: 35 years

Residual value: R140 000

Revaluation date: 31 December 2022

Net replacement value: R775 000

Year-end: 31 December 2022

After revaluation, the residual value and remaining useful life of the property remained unchanged. Depreciation for the current year must be based on the most recent valuation.

Required:

Calculate the following:

1. The carrying amount at 1 January 2022: R
2. The net replacement value at 1 January 2022: R
3. The depreciation for 2022: R

Note: ONLY enter the amount (do not show your calculation, and do not make use of spaces, full-stops, commas or R-signs). Example: 740000