A lorry costing 112,000 was purchased on 1 April 20*5. It is depreciated at 35% per annum
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A lorry costing £112,000 was purchased on 1 April 20*5. It is depreciated at 35% per annum using the reducing balance method.
Required
Prepare the provision for depreciation of lorry account for the three years ended 31 March 20*6, 31 March 20*7 and 31 March 20*8
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Step by Step Answer:
The formula to calculate the reducing balance depreciation is Depreciation Expense Carrying Value De...View the full answer
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