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Vehicle, at cost R44 800
Machinery at cost R32 000
Accumulated depreciation on vehicle R6 720
Accumulated depreciation on machinery R3 200
All the non-current assets were purchased when Nirwana dealers started trading on 1 January 20.1. Depreciation is to be written off as follows:
Vehicle on cost, consistent with the policy in the past.
Machinery on the diminishing balance, consistent with the policy in the past.
Kindly assist calculating the depreciation for the above.
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