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ITEM 2 (20 UNITS) 1. To draw up the Statement of Financial Performance (Statement of Results) based on the data of Item 1 and taking

ITEM 2 (20 UNITS)

1. To draw up the Statement of Financial Performance (Statement of Results) based on the data of Item 1 and taking into account that the mechanical equipment of the Municipality is amortized at a rate of 20%, while the monthly payroll cost amounts to 10,000.

2. Compare and comment on the outcome of the report and the Statement of Financial Performance

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