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Question 3 ( 1 5 marks ) Yippy Yuppy, a general dealer, owns the following assets: table [ [ Asset type,Date of purchase,
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Yippy Yuppy, a general dealer, owns the following assets:
tableAsset type,Date of purchase,tableCostRDepreciation methodtableManufacturingequipment March tableStraightline method.Useful life of years.Residual value: Nil Furnituretable NovembertableStraightline method.Useful life of years.Residual value: RtableComputerequipment June tableDiminishing balance methodat per annum.
Yippy Yuppy's financial year end is December.
Required:
Calculate the depreciation of each asset for the and yearends.
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