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Determine the Depreciation - Straight Line Method

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Reference no: EM132952081

Problem - On 1 Sep 2020, Jamila Inc purchased an equipment for $950,000 with an estimated life time of 5 years and $50,000 salvage value. Determine the Depreciation - Straight Line Method for December 2020, 2021 and 2022. Determine the Depreciation schedule based on Diminishing Balance Method for 5 Years.

Reference no: EM132952081

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