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PROFIT OR LOSS ON DISPOSAL

Former userFormer user8mo ago

[Content removed at user request]

John MoffatJohn MoffatTutor8mo ago#1
When using the reducing balance method, the residual value is not relevant. So the depreciation in the first year is 1,000 (I do not know why you write ‘CA’) and the written down value is 4,000 (I do not know why have you written ‘DEP”).
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