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You will also use this worksheet To help you in making ready the fiscal statements for Moondollars in the afterwards section of this observe set.
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Depreciation is calculated on regular monthly basis using the straight line system. The regular depreciation cost is calculated given that the annually depreciation price divided by the amount of months in a yr.
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Balance sheet. This assertion stories the fiscal situation in the business enterprise at the end of June. It presents the belongings, liabilities and equity on the business enterprise as at 30 June 2016.