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Answer to Question #137295 in Other for Precious
Question #137295
on 31 august musk traders purchased a machine on credit for a cost price of R402500 INCLUDING vat 15%. machinery is depreciated over 6 years according to straight line basis and there is no residual value on this machine, as it is highly specialised. musk traders has a 30 june year end. calculate depreciation and accumulated depreciation for 2019 and 2020
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