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Question - Vittorio started a landscaping business on 1 July 2016 and purchased a Ute Toyota for $46,000. He estimated the useful life of 4 years and an estimated residual value of $6,000 at the end of its useful life. Calculate the accumulated depreciation on 30 June 2019 if using straight line method of depreciation (assume financial year 1 July - 30 June).
a. $11,500
b. $30,000
c. $34,500
d. $10,000
e. None of the options is correct
Tracy Company, a manufacturer of air conditioners, sold 100 units to Thomas on November 17, 2013. The units have a list price of $500 each, but Thomas was given a 30% trade discount. The terms of the sale were 2/10, n/30. Thomas uses a periodic in..
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ACC2360 - ACCOUNTING FOR MANAGERIAL ACCOUNTING TEAM ASSIGNMENT - WRITTEN REPORT. In order to highlight the importance of managerial decision-making using both financial and non-financial drivers and indicators, you need to also prepare the "Balance..
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