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XYZ acquired an item of furniture at a cost of Ksh. 1,000,000. Furniture and fittings are depreciated at 10% on cost (straight line). XYZ also acquired an item of motor vehicles at a cost of KSh. 1,000,000. Depreciation is charged at 10% on the reducing balance.
Required:
Compute depreciation charge for each asset for years Yr. 1, 2, and 3
Chain decided to use the equity method to account for the investment. What is the noncontrolling interest's share of Shannon’s net income for 2010?
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Determine as well as concisely but explicitly explain the type of lease this is to Earth Leasing
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The following is the unadjusted trial balance for James Trading Pty Ltd as at the close of the financial year ended 30 June 2011. In addition the following entries had not been applied to the general ledger.
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