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Question - Chineke Sons and Co want to purchase a second hand vehicle for N$ 150000 to be used on a contract. The vehicle will cost N$ 25000 to register and service before use and will have a scrap value of N$ 10 000 in 5 years. It is depreciated on the straight line basis over 5 years. What is the relevant cost of the machine for contract?
Depreciation rate is 20% and it's residual value is expected to be 1000. What is annual amount of depreciation using the straight line method of depreciation
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harold corporation a manufacturer of electronics and communications systems uses a service department charge system to
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