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Calculate the depreciation amount

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All the equipment in use currently was bought on 1 March 2020. The estimated residual value of the equipment is R20 000. The equipment must be depreciated over the estimated useful life of 8 years using the fixed instalment method.

Pre-adjusted trail balance at 28 feb 2021

Equipment : R140 000

Accumulated depreciation: equipment : 97 200

Problem 1: Calculate the depreciation amount

Reference no: EM132935530

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