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Compute depreciation charge

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Reference no: EM13510320

XYZ acquired an item of furniture at a cost of Ksh. 1,000,000. Furniture and fittings are depreciated at 10% on cost (straight line). XYZ also acquired an item of motor vehicles at a cost of KSh. 1,000,000. Depreciation is charged at 10% on the reducing balance.

Required:

Compute depreciation charge for each asset for years Yr. 1, 2, and 3

Reference no: EM13510320

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