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Provide for depreciation as follows: On furniture and equipment: 16% per annum on cost. Note that a new equipment costing R22 500.00, was bought on...

Provide for depreciation as follows:

 On furniture and equipment: 16% per annum on cost. Note that a new equipment costing R22 500.00, was bought on July 1, 2016. This has been properly recorded.

 On motor vehicles: 14% per annum on the reducing balance method.

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