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XSIQ
*
Accounting - Reporting
Reporting
In the Profit and Loss statement depreciation of vehicle may be classified
under selling, delivery or vehicle expense.
In the balance sheet (extract):
Motor vehicles
100 000
- Accumulated depreciation of vehicles
17 125
82 875
A possible question may be as to why the straight line method of
depreciation was used.
* the asset contributed equally to revenue in each period.
* the staight line method is simple to operate.
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