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Prepare provision for depreciation account

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Reference no: EM132918583

A firm purchases a truck for a sum of Ksh 1,000,000 on 1st Jan 2020. It charges a depreciation of at the rate of 20% p.a according to reducing balance method. The truck was sold on 1.07.2020 for 800,000

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Problem 1: Prepare Provision for depreciation account

Reference no: EM132918583

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