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subject categories
business
banking
july 2020
06

Banking Questions and Answers July 06, 2020

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RDBS purchased an asset costing 1,000,000 at the beginning of year 2018. It has an expected life of five years and no residual value. The asset will be depreciated on a straight line basis in line with the companys policy. The following are the allowances for tax depreciation. Year 2018 300,000 2019 250,000 2020 200,000 2021 150,000 2022 100,000

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