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QUESTION 4 4 . 1 Differentiate between the book value and the market value. 4 . 2 A high - speed camera has a cost

QUESTION 4
4.1 Differentiate between the book value and the market value.
4.2 A high-speed camera has a cost basis of R500000.00 and a 10-year depreciable life. If the camera has an estimated SV of zero at the end of 10 years. Calculate the annual depreciation deduction in year 5, cumulative depreciation through the 5th year and the book value at the end of year 7 using the DB method when,
(i) a 200% DB and,
(ii) a 150% DB method is specified.
4.3 Differentiate between the straight line and the declining-balance depreciation method.
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