Why depreciation on fixed assets should be brought into account? Discuss in detail the several methods of providing for depreciation.You own a bakery and you’ve just bought a big Elba oven for the baking at a cost of RM30,200. It estimated disposal value or scrap value is RM200. Elba gives warranty of 3 years but it can be used for five years in the business. At the same time Users’ manual indicates that the oven can be used for 12,000 baking hours. Since you’ve just started th …
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