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Another Example - The following is the information about the equipment of the Municipality: Cost-R2000 Usefull life - 3 years Depreciation rate 50% Residual value

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Another Example - The following is the information about the equipment of the Municipality: Cost-R2000 Usefull life - 3 years Depreciation rate 50% Residual value - R250 Required - Calculate depreciation expense for each year - Prepare the balance sheet schedule using the information above

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