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Please explain to me how this works. Please use and display your formulas in the explanation Q) As At beginning of year January First, 01.01.2022
Please explain to me how this works. Please use and display your formulas in the explanation
Q) As At beginning of year January First, 01.01.2022
Current Netbook Value (Balance Sheet Value) of Asset: 20,000
*Gross Value of Asset: 100,000
*Accumulated Depreciation: 80,000
*Period of Amortisation: 5 years
Please find the new value of the Asset At June 30th (30.07.2022). How much is the depreciation expense for that 6 month period?
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