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Question 4 --/5 JBL Ltd purchased equipment for 80,000 on 1 July 2015. The company's accounting year end is 31 December. It is JBL's policy
Question 4 --/5 JBL Ltd purchased equipment for 80,000 on 1 July 2015. The company's accounting year end is 31 December. It is JBL's policy to charge a full year's depreciation in the year of purchase. JBL depreciates its equipment on the reducing balance basis at 25% per annum. What is the net book value of the equipment at 31 December 2018? 18,984 1 2 25,313 3 29,531 4 33,750
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Understand Accounting
Authors: Claude Hitching, Derek Stone
1st Edition
0273018833, 978-0273018834
