A merchant purchased furniture costing 55000
on 1st Jan 2014 It is estimated that its
working life is 10 years at the end of which
it will fetch 5000 Additions are made on
1st Jan 2015 and on 1st July 2017 to the
value of 9,500 and 8, 400 (Residual values
500 & 400 respectively). show the
furniture Alc for the first 4 years it
depreciation is written off according to
fixed installment method, The useful
working life of the additions were also
estimated to be 10 years.
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can you say me clearly please
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