The expected useful life of the asset is 4 years


XYZ limited acquired an item of plant at a cost of KSh 5,000,000.

The expected useful life of the asset is 4 years. Depreciation is charged using sum-of digit method.

Required

Compute depreciation charged for each of the years.

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Financial Accounting: The expected useful life of the asset is 4 years
Reference No:- TGS0778249

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