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Pringle Manufacturers is a sole trader involved in the packaging industry. They own a number of different types of machines which they use in their
Pringle Manufacturers is a sole trader
involved in the packaging industry. They
own a number of different types of
machines which they use in their packaging
business. Pringle Manufacturers keep an
asset register with all the details of the
machines and other noncurrent assets.
A new machine with a cost price of R
was purchased on May The
financial year end is December
Using this information, answer the
following questions:
Q In which general ledger
account is the expense
relating to the current year's
loss in value of a non
current asset recorded?
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