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Stear Corp. bought a machine on January 1, 2012 for $37,500. The company follows a policy of calculating depreciation using the written down value method
Stear Corp. bought a machine on January 1, 2012 for $37,500. The company follows a policy of calculating depreciation using the written down value method at 8% per annum. The accounting period of Stear Corp. is from January to December. What will be the amount of depreciation added to the accumulated depreciation account for the year 2013?
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Petroleum Accounting: Principles, Procedures; And Issues
Authors: Dennis Jennings, John Brady, Rich Shappard, Craig Friou
8th Edition
0940966328, 978-0940966321
