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At 31st December 20X1, Tina owned equipment which had cost $168,500. At that date $66,500 had been allowed in respect of depreciation. Tina’s accounting policy is to allow depreciation in equipment at a rate of 25% on the reducing balance basis. The depreciation charge to be include in Tina’s Statement of Comprehensive Income for the year ended 31 December 20X2 should be $……
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