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QUESTION B2 Rama started trading on 1 January 2020 and bought equipment for his business as follows: Rama Trading has a depreciation policy as follows:
QUESTION B2 Rama started trading on 1 January 2020 and bought equipment for his business as follows: Rama Trading has a depreciation policy as follows: REQUIRED: a. State double entry for purchase of non-current assets above; (2 marks) b. Identify depreciation charge for the above assets for year 2020 and 2021; (13 marks) c. Present accumulated depreciation ledgers (T-Account) for the both assets for the year 2020 and 2021 . (10 marks) (Total: 25 marks)
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