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A Ltd buys a depreciable asset for use in its production process at the beginning of 2 0 2 3 financial year for R 2

A Ltd buys a depreciable asset for use in its production process at the beginning of 2023 financial year for R200000. The estimated residual value of the asset was put at R20000 in the year of purchase. A Ltd Provides for depreciation over 10 years according to the straight-line method. A Ltd has a 31 December financial year. Calculate depreciation for the year. (2)

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