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  3. 4a assets and liabilities are subdivided on the balance sheet...

Question: 4a assets and liabilities are subdivided on the balance sheet...

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4a) Assets and liabilities are sub-divided on the balance sheet. Describe the sub-divided categories and explain how these are determined. [6 marks]

 

4b) There are three possible methods that can be used in the calculation of depreciation. Explain the three methods and the underlying assumption of each method. [9 marks]

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