Accounting Concepts and Conventions

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This lesson focus on the main accounting concepts and conventions.
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The net book value at the beginning of year 4 = 155000minus the depreciation of the 3 years=27000×3 =81000 so 155000-81000 =74000 is that correct

dinsmorekeir
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Depreciation expenses for the 2 year = 155000-20000/5=27000 answer = 27000× 2 =54000 is that correct

dinsmorekeir