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D5 A lorry bought for a business cost $17,000. It is expected to last for five years and then be sold for scrap for $2,000.

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D5 A lorry bought for a business cost $17,000. It is expected to last for five years and then be sold for scrap for $2,000. Required Work out the depreciation to be charged each year under: (a) The straight line method (b) The reducing balance method (using a rate of 35%)

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