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Assume that, a company bought a machine on January 1, 2019 for 64,000 TL. Useful life is 5 years. Adopt the straight-line(normal) method of depreciation
Assume that, a company bought a machine on January 1, 2019 for 64,000 TL. Useful life is 5 years. Adopt the straight-line(normal) method of depreciation as a policy. However, assume that the accountant ignore this policy and apply accelerated depreciation. Let's assume that the net profit for the annual period ending on 31.12.2019 is 55,000 TL. What would be the net profit if the accountant had applied the right policy?
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