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If a photocopier(If we assume that the purchase amount is $100,000) with an effective life of 5 years was bought and first used on July
If a photocopier(If we assume that the purchase amount is $100,000) with an effective life of 5 years was bought and first used on July 1 and subject to the 'prime cost method' of depreciation (ignoring any impact of GST), what would be the decline in value of this item in the first 12 months?
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