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QUESTION
Alfa acquired an item of plant on January 1st 2013 for 2,500,000 SEK. The asset had an expected useful life of 10 years and a residual value of...
Alfa acquired an item of plant on January 1st 2013 for 2,500,000 SEK. The asset had an expected useful life of 10 years and a residual value of 150,000 SEK. On May 1st 2017 the entity sold the asset for 1,600,000 SEK. The balance sheet date of the company is 31st December.
What is the deprciation here? and how do you calculate it?
