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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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