Property was purchased on December 31, 20X5, for 20 million zlotis. The general price index in the…

Property was purchased on December 31, 20X5, for 20 million zlotis. The general price index in the country was 60.1 on that date. On December 31, 20X7, the general price index had risen to 240.4. If the entity operates in a hyperinflationary economy, what would be the carrying amount in the financial statements of the property after restatement?

(a) 20 million zlotis

(b) 1,200.2 million zlotis

(c) 80 million zlotis

(d) 4,808 million zlotis

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