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Determine depreciate the asset from acquisition date

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Reference no: EM132617925

James Trading acquired a Motor vehicle on 01 September 2010 at N$ 258 800. This asset is depreciated at 10% per annum using straight line method, residual value is equal N$ 5 000. James Trading financial year ends on 30 November.

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Problem 1: Determine Depreciate the asset from acquisition date till 2020 financial year. Show each year depreciation and accumulated depreciation.

Reference no: EM132617925

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