Question: Question 2 ( 3 ) A property was purchased on 1 April 2 0 1 0 for P 1 6 0 , 0 0 0

Question 2(3)
A property was purchased on 1 April 2010 for P160,000. Depreciation policy is to depreciate properties over a period of 40 years. On 1 April 2012 the property was revalued to P200,000.
Calculate the depreciation charge for the year ended 31 March 2013?

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