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7. At the beginning of 2008, the Rolls-Royce Group reported in its footnotes that its plant and equipment had an original cost of 2,110
7. At the beginning of 2008, the Rolls-Royce Group reported in its footnotes that its plant and equipment had an original cost of 2,110 million and that accumulated depreciation was 1,146. Rolls-Royce depreciates its plant and equipment on a straight-line basis under the assumption that the assets have an average useful life of 14 years (assume a 10 percent salvage
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