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The Wizarding World of Accounting

Cambridge O Level Accounting ยท Depreciation & Disposal

Grab your wand. Today's magic is all about non-current assets!

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Harry
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Hermione
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Ron

Chapter 1: The Mystery of Depreciation

Hermione says:

Welcome to the accounting classroom!

๐Ÿ“œ Your lesson notes

Choose a chapter to begin your adventure.

๐Ÿงช Wizard Quiz

Ready to test your accounting magic?

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๐Ÿช„ Final Exam: The Forbidden Forest

A machine costs $10,000. Its residual value is $1,000 and its useful life is 3 years. Using straight-line depreciation, calculate the annual depreciation.

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