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Determine vehicles are depreciated on straight-line method

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Reference no: EM132465136

A full year's depreciation is charged in the year of acquisition and no depreciation is charged in the year of disposal.

Required:

Show the appropriate extracts from the statement of profit or loss and statement of financial position for Pusher for 31/12/X2, 31/12/X3 and 31/12/X4 assuming that:

Question (i) the vehicles are depreciated at 20 percent on the straight-line method

Question (ii) the vehicles are depreciated at 25 percent on the reducing balance method.

Reference no: EM132465136

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