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Give your opinion from the financial accounting perspective. ( You may refer to an appropriate accounting principle.) .Assume a financial year from 1 st January

Give your opinion from the financial accounting perspective. ( You may refer to an appropriate accounting principle.) .Assume a financial year from 1st January -31st Dec 2022. Kelvin ltd has decided to depreciate its property on cost, plant on reducing balance method and equipments on cost.The accountant has also decided to depreciate some motor vehicles on hire purchase though no final instalment has been paid.

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