Solution-Calculate the annual depreciation

Calculate the annual depreciation

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Reference no: EM13510309

XYZ limited acquired an item of motor vehicle at a cost of Ksh. 5,000,000. The estimated useful life of the asset is 5 years. XYZ uses straight-line method of charging depreciation.

Required .

i) Calculate the annual depreciation

ii) Suppose it is expected that the motor vehicle will be sold for Ksh. 1,000,000 at the end of its useful life. What will be the annual depreciation?

Reference no: EM13510309

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Calculate the annual depreciation : XYZ limited acquired an item of motor vehicle at a cost of Ksh. 5,000,000. The estimated useful life of the asset is 5 years. XYZ uses straight-line method of charging depreciation.

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Calculate the annual depreciation

Reference no: EM13510309

Reference no: EM13510309

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