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Prepare the motor vehicle account and accumulated provision

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Question - A motor vehicle which cost $12,000 was bought on credit from Trucks Ltd on 1 January 20X9. Financial statements are prepared annually to 31 December and depreciation of vehicles is provided at 25% per annum under the reducing balance method. Prepare the motor vehicle account and the accumulated provision for depreciation on motor vehicles account for the first two years of the motor vehicle's working life.

Reference no: EM132758177

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