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Q#
Electronics Company purchased equipment for cost Rs. 80,000 with an estimated useful life of 5 years and a scrap value of Rs.5000.
Required:
Calculate the depreciation for this equipment using the following method;
- Straight line method half year convention
- MACRS method (zero scrap value for MACRS method) (MACRS rates are 20%, 32%, 19.20%, 11.52%, 11.52%, and 5.76%)
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