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On 1 July 2019, Wisely Co. acquired an equipment for $160,000. It is the company's policy to depreciate equipment at 20% on cost. The financial
On 1 July 2019, Wisely Co. acquired an equipment for $160,000. It is the company's policy to depreciate equipment at 20% on cost. The financial year for the business ends on 31 March each year. Compute the net book value for the business for the year ended 31 March 2021.
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