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a car bought on 16 December 2014 for Richard runs an IT company and at the beginning of 2015 he owned E120,000. Richard plans to

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a car bought on 16 December 2014 for Richard runs an IT company and at the beginning of 2015 he owned E120,000. Richard plans to use a car for the next 5 years and sell it after for 30,000. On 4 March 2015 Richard bought high-tech computer for E40,000. Transport of the computer to Richard's company costs 2,000. On 1 January 2015 Richard purchased office chair for E6,000 and paid 800 in cash for assembling services. On 26 July 2017 there was a fire in the office and Richard disposed of burned chair. IT company put car into use on 1 January 2015, computer into use on 1 April 2015 and office chair on 1 February 2015. Accounting policy: Methods of depreciation car-straight line method computer-diminishing balance method using 30% rate office chair-straight line method using 40% rate Prepare depreciation tables for every asset showing amount of depreciation write off to be registered in each year till the end of planned useful life a) Prepare income statement by nature for 2017 assuming that Richard received appealing offer and sold car on 2 December 2017 for 105,000. b)

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