Question: 4 MARKS A. Discuss 2 differences between assets dassified under IAS 16 and assets classified under IAS40. B. Explain the difference between the reducing balance

4 MARKS A. Discuss 2 differences between assets dassified under IAS 16 and assets classified under IAS40. B. Explain the difference between the reducing balance method of depreciation and the straight line method of depreciation and its implications on profit 6 MARKS

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