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Module 1: Balance day adjustments in the general journal and ledger

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Depreciation Example

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XSIQ
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Accounting - Depreciation Example

Example

At 1 January vehicles have a balance of $90 000. On 1 April a further
vehicle is bought for $10 000. The vehicles are to be depreciated at 15
percent per annum, straight line. The accounting period ends on 30 June.

$90 000 x 15/100 x 6/12 = $ 6750

$10 000 x 15/100 x 3/12 = $375

Total depreciation = $7125

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