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Question 9 Merry opens a new factory and receives a government grant of $ 300,000 in respect of capital equipment costing $ 2,000,000. Depreciation on

Question 9

Merry opens a new factory and receives a government grant of $ 300,000 in respect of capital equipment costing $ 2,000,000. Depreciation on plant and machinery at 20% straight line

Required: Extract statement of financial position in the first year, using both methods. show work details (10 marks)

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