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The government has constructed a Foundry for our organization made up of the following cost:
Buildings GBP 1,000,000.00,
Laboratory Equipment GBP 100,000.00 and Transport Equipment GBP 20,000.00.The fixed assets policy set the useful lives as follows:
Buildings 50 years, Laboratory Equipment 8 years and Transport Equipment 5 years.Should we match the deferred income in each category over the useful lives?
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