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16.15 On 30 June 2019, the end of the current reporting period, Cairns Ltd made a decision, using the information obtained over the past few

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16.15 On 30 June 2019, the end of the current reporting period, Cairns Ltd made a decision, using the information obtained over the past few years, to revise the useful life of an item of plant acquired three years earlier for $3 000 000. The useful life was revised from being a total of eight years to being a total of 12 years. The plant was

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