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XYZ bought a motor vehicle costing RM147,000.00 on 18 March 2004. Its Year End is...

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Accounting

XYZ bought a motor vehicle costing RM147,000.00 on 18 March 2004. Its Year End is 31 December. Depreciation is to be provided of 20% per annum on a straight line basis. Calculate the amount of depreciation for Year End 31 December 2004 and provide the double entries for the depreciation charge in the accounts.

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