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how is depreciation for non current assets calculated ? how do we come to 60% used to multiply 30,000
2 years have passed since acquisition and that means that 40% of the $30,000 fair value adjustment has been depreciated in the 2 (last year and this year)
At the rate of 20% per annum, that’s 40% depreciation of the fair value adjustment and that therefore leaves 60% of the adjustment still to be depreciated …
… and that’s where the 60% comes in
OK now?
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