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ABC's property originally cost 300,000. After 10 years use it was revalued by 200,000. This building is depreciated at 2% per annum. Calculate annual depreciation

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ABC's property originally cost 300,000. After 10 years use it was revalued by 200,000. This building is depreciated at 2% per annum. Calculate annual depreciation charges following the revaluation. A) 18,000 B) 16,000 C) 15,000 D) 11,000 [02 marks]

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