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Amount of depreciation

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A certain equipment cost £9,500,000. It is depreciated by the equal installment method. After 3 years, its book value is £5,600,000.

Calculate:

(a) the amount of depreciation in each of the first 3 years

(b) the percentage of the original cost depreciated in each of the first 3 years

(c) the depreciation in the third year as a percentage of the book value after 2 years

Reference no: EM131068707

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