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Brown purchased Machinery for $$200,000 on January 1 2012 and started depreciating it over five years. Residual value was taken as $20,000. At January 1

Brown purchased Machinery for $$200,000 on January 1 2012 and started depreciating it over five years. Residual value was taken as $20,000. At January 1 2015 a review of asset lives was undertaken and...

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