A lorry costing 140,000 was purchased on 1 March 20*5. It is depreciated at 60% per annum
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A lorry costing £140,000 was purchased on 1 March 20*5. It is depreciated at 60% per annum using the reducing balance method.
Required
Prepare the provision for depreciation of lorry account for the three years ended 28 February 20*6, 28 February 20*7 and 29 February 20*8.
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