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Compute the new depreciation charge per annum

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Reference no: EM13510312

XYZ ltd bought an item of plant at a cost of sh. 5,000,000. Depreciation is charged on straight line with an estimated useful life of 10yrs. After 3 years of use, it is estimated that the asset will be used for a further 5 years only.

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Compute the new depreciation charge per annum.

Reference no: EM13510312

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