Question 4 (CLO-C3, Marks 4) You are required to answer the following: a) Illustrate with...
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Accounting
Question 4 (CLO-C3, Marks 4) You are required to answer the following: a) Illustrate with examples the various methods for providing depreciation on fixed assets. b) Amar Corporation purchased a Plant costing $ 50,000 on 1st January, 2015. The company also paid $10,000 as installation charges for the plant. Calculate the cost of the plant on December 2018, if the company provides 10 % depreciation per annum under straight-line method. Show the effect of the depreciation on the balance sheet as on 31 December 2018
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