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QUESTION THREE [25] 3.1. The following list of assets and liabilities appeared in the books of Khan's Enterprises as at 28 February 2018 , the

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QUESTION THREE [25] 3.1. The following list of assets and liabilities appeared in the books of Khan's Enterprises as at 28 February 2018 , the last day of the financial year: Kequirea: Using the balances above, calculate the following: 3.1.1. Total non-current assets (3) 3.1.2. Total current assets (3) 3.1.3. Total non-current liabilities (2) 3.1.4 Total current liabilities (3) 3.1.5. Owner's equity (4) 3.2. Hybrid Dealers bought computer equipment for R54 000 on 1 July 2018. The equipment is depreciated at 20% according to the diminishing balance method. Required: Prepare the depreciation and closing transfer entries in the general journal of Hybrid Dealers on 31 March 2019 and 31 March 2020

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