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Explain why do organisations have policies regarding the use of assets? Why do staff need to be aware of them? What is a fixed asset

  1. Explain why do organisations have policies regarding the use of assets? Why do staff need to be aware of them? What is a fixed asset register (FAR), why is it maintained, and what does it enable you to do?

  1. Juniper Ltd purchased machinery on 01.01.2010 at the cost of $10000. Juniper depreciates the equipment @ 25% p.a. on the reducing balance method. Calculate the accumulated depreciation balance and depreciation charge for year ending 30.06.2012.

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