Depreciation is calculated by adding assets bought during the year to the opening balance then LESS assets sold during the year while together with the closing balance of assets.
Depreciation p.a. = {Opening balance + Purchases} – {Closing balance + Disposals}
Kavungya answered the question on August 17, 2021 at 11:38
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Date posted: August 17, 2021. Answers (1)
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