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What method of cost allocation is used by the company

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Question: Refer to the extracts of the 2017 annual report of Woolworths Limited in this book,s appendix. All questions related to the consolidated accounts.

- The company depreciates, plant and equipment. Provide examples of plant and equipment.

- Are buildings depreciated?

- What is the total depreciation and amortisation for the year?

- How much did the accumulated depreciation and accumulated amortisation accounts increase by?

- Why aren't,t the answers to questions 3 and 4 the same?

- What method of cost allocation is used by the company to determine depreciation?

- Did Woolworths dispose of (e.g. sell) any property, plant and equipment during the year? If so, did it make a profit or loss on these sales? How would this profit or loss be calculated?

Reference no: EM132753502

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