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Calculate the depreciation amount

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Reference no: EM133024836

Problem - All the equipment in use currently was bought on 1 March 2020. The estimated residual value of the equipment is R20,000. The equipment must be depreciated over the estimated useful life of 8 years using the fixed instalment method.

Pre-adjusted trail balance at 28 Feb 2021

Equipment: R140,000

Accumulated depreciation: equipment: 97,200

Required - Calculate the depreciation amount?

Reference no: EM133024836

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