A lorry costing 140,000 was purchased on 1 March 20*5. It is depreciated at 60% per annum

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A lorry costing £140,000 was purchased on 1 March 20*5. It is depreciated at 60% per annum using the reducing balance method.

Required

Prepare the provision for depreciation of lorry account for the three years ended 28 February 20*6, 28 February 20*7 and 29 February 20*8.

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Introducing Accounting For AS

ISBN: 9780340959404

2nd Edition

Authors: Ian Harrison

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Question Posted: Aug 23, 2023 04:38 AM

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A lorry costing 140,000 was purchased on 1 March 20*5. It is depreciated at 60% per annum

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To calculate the provision for depreciation of the lorry for each of the given years using the reduc...View the full answer

Introducing Accounting For AS

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