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How depreciation is to be allocated in each of accounting

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Reference no: EM132497365

Question 1: XYZ bought furniture worth 600,000. The furniture was expected to last for 4 years and would be disposed off for 80,000 at the end of the fourth year. show how depreciation is to be allocated in each of the accounting period for the four years using;

  1. reducing balance method of depreciation.
  2. depreciation rate is 25%
  3. straight line method

Reference no: EM132497365

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