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A company purchased plant and machinery costing 2,000,000. The plant and machinery is expected to have no residual value and is to be depreciated

A company purchased plant and machinery costing 2,000,000. The plant and machinery is expected to have no residual value and is to be depreciated using the diminishing balance method at 25% on a full year basis. What is the depreciation charge for the second year? Enter your answer to the nearest E

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