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( d ) Entity A purchased an asset on 1 st January, 2 0 1 9 for 1 , 0 0 , 0 0 0
d Entity A purchased an asset on st January, for and the asset had an estimated useful life of years and a residual value of nil.
On st January, the directors review the estimated life and decide that the asset will probably be useful for a further years.
Calculate the amount of depreciation for each year, if company charges depreciation on Straight Line basis.
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