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Samoosse Traders (registered for VAT) is a newly founded business trading in safety products and equipment. The accounting policies of Samoosse Traders is as follows:

Samoosse Traders (registered for VAT) is a newly founded business trading in safety products and equipment. The accounting policies of Samoosse Traders is as follows: 1. The perpetual inventory system is applied 2. Vehicles is depreciated over 6 years using the reducing balance method 3. Furniture is depreciated at 10% per annum using the straight-line method On

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