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Hi, When calculating straight line depreciation for 20X7, if I am given the cost opening and the Net book value, at December 31, 20X6, would

Hi,

When calculating straight line depreciation for 20X7, if I am given the "cost opening" and the Net book value, at December 31, 20X6, would be calculation be:

Cost opening-residual value/useful life

OR

NBV Dec, 31 20X6-residual value/useful life.

Also, when calculating diminishing balance would we do NBV*depreciate rate? or cost opening*depreciation rate? Do we only diminish until NBV equals residual value?

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