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Globe Ltd bought a piece of equipment for $55500 on 1 January 2000 with a useful life of 8 years. On 31 June 2002 the

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Globe Ltd bought a piece of equipment for $55500 on 1 January 2000 with a useful life of 8 years. On 31 June 2002 the equipment is revalued to $60500 and the useful life remains unchanged. State the depreciation value to the Income Statements of Globe Ltd for the financial period ending 31 December 2002

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