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Aproperty was purchased on 1 January 20X0 for $2m (estimateddepreciable amount $1m - useful economic life 50 years).Annualdepreciation of $20,000 was charged from 20X0 to

Aproperty was purchased on 1 January 20X0 for $2m (estimateddepreciable amount $1m - useful economic life 50 years).Annualdepreciation of $20,000 was charged from 20X0 to 20X4 inclusive andon 1 2 answers

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