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1. Provide the formula to calculate depreciation using straight line method. 2. The cost value of a machine is RM70,000 on 1 January 2019. Calculate

1. Provide the formula to calculate depreciation using straight line method.

2. The cost value of a machine is RM70,000 on 1 January 2019. Calculate the depreciation for the year ended 31 December 2019, if the depreciation rate is 20% per annum on cost.

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