The accounting year of Fehintola Ltd. ends on 31st December every year. Pant and Machinery purchased on 1st January, Year 1 N600,000 Depreciation rate per anuum, 10% Scrap value, N60,000. Using the straight line method, what is the cumulative depreciation at the end of yr.3?

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The accounting year of Fehintola Ltd. ends on 31st December every year. Pant and ...

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