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Blue Moon (Pty) Ltd, a VAT vendor, acquired a manufacturing plant on 1 January 2016, at a cost price of R1 368 000 (VAT incl.)
Blue Moon (Pty) Ltd, a VAT vendor, acquired a manufacturing plant on 1 January 2016, at a cost price of R1 368 000 (VAT incl.) for use in the production of steel in the Vaal area. Depreciation is accounted for at 20% per annum using the diminishing balance method. The company's year-end is 30 June. What is the accumulated depreciation on the manufacturing plant as at 30 June 2016
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Integral Audit Acceptions Objectives And Practices
Authors: David Pavón, Catalina Rueda
1st Edition
6206302083, 978-6206302087
