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Hi Mike,
I think I missed something in lectures regarding TNCA.
In Ex. 1 we included the FV amount £17,500 no amendment of depreciation.
In Ex. 2 £13714
£16000 – £2286 (depreciation) = £13714
Why did we not remove depreciation charge from TNCA figure in Example 1?
Thank you
In example 1 the question only asked you to calculate the interest expense
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