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Question 1 [12] Youtan Dealers bought a piece of equipment on 1 October 2020 for R414 000, INCLUSIVE of VAT. The entity's year end is

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Question 1 [12] Youtan Dealers bought a piece of equipment on 1 October 2020 for R414 000, INCLUSIVE of VAT. The entity's year end is 31 January each year. Complete the following table. The asset is depreciated using the reducing-balance method. (Round off to the nearest rand.) Year Carrying Percentage Annual Accumulated amount depreciation depreciation depreciation 1 10% 2 IN 4

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