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ABC Company purchases a computer for LKR 200,000/=. The estimated residual value is LKR 50,000/=. The machine is depreciated based on reducing balance method using

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ABC Company purchases a computer for LKR 200,000/=. The estimated residual value is LKR 50,000/=. The machine is depreciated based on reducing balance method using 20% depreciation rate. i. Calculate the annual depreciation for next five years. State the fifth year depreciation amount. (6 Marks) (2 Marks)

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