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(b) A company owns a non-current asset. The asset originally cost $9,000. Depreciation is charged at a rate of 25% per annum. What is the
(b) A company owns a non-current asset. The asset originally cost $9,000. Depreciation is charged at a rate of 25% per annum. What is the depreciation charge in the second year of the asset's life on the straight-line basis and on the reducing balance basis? (Calculation should be rounded to the nearest whole number) (4 marks) (c) Amy makes a mark-up of 50%. What is her gross profit margin? (2 marks)
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