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EXPECTED USEFUL LIFE TABLE

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CHAPTER 10 ACCOUNTING FOR PROPERTY, PLANT, AND

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Schedule II – Useful Lives To Compute Depreciation

The following information shall also be disclosed in the accounts, namely:—. Depreciation methods used; and. The useful lives of the assets for computing depreciation, if they are different from the life specified in the Schedule. (a) Useful life specified in Part C of the Schedule is for whole of the asset. Where cost of a part of the asset ...

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