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Calculate the annual depreciation for the financial years

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Reference no: EM133042219

QUESTION - Alma traders bought a Vehicle for R120,000 on 1 March 2000. The depreciation of the asset is 30% per annum on the diminishing balance method. The financial year of the business ends on 31 December.

REQUIRED - Calculate the annual depreciation for the financial years ended 31 December 2000, 2001, 2002, 2003 and 2004.

Reference no: EM133042219

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