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Explain what you understand by the term depreciation . A machine is purchased on 1 May 2016 for k100,000 cash. The nancial year ends on
Explain what you understand by the term depreciation . A machine is purchased on 1 May 2016 for k100,000 cash. The nancial year ends on 30 April each year. Required: Calculate the depreciation charge for three years. Prepare the accumulated depreciation account
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