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5.1 INFORMATION AD Ltd purchased a machine to the value of R345 000 (vat inclusive)...

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Accounting

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5.1 INFORMATION AD Ltd purchased a machine to the value of R345 000 (vat inclusive) on 1 January 2021. They estimated the residual value to be R10000 and the useful life to be 10 years. On 1 January 2023, the useful life was determined that only 5 years was remaining and a residual value of R5 000 . Assume a tax rate of 30%

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