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Calculate the annual depreciation for the financial years

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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 out of balance method. The financial year of the business ends on 31 December. Calculate the annual depreciation for the financial years ended 31 December 2000, 2001, 2002, 2003 and 2004.

Reference no: EM133049553

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