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QUESTION 2 [10 MARKS] 2.1 Discuss critically the challenges for a small business of calculating...

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Accounting

QUESTION 2 [10 MARKS]

2.1 Discuss critically the challenges for a small business of calculating fixed asset depreciation. (5)

2.2 What is residual value, and how does it differ from the estimated useful life of an asset? (5)

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