Petra runs a small manufacturing business, and the depreciation policy together with details of plant and machinery are given.
(a)[5]
Prepare the provision for depreciation account for plant and machinery for the year to 31 July 2021.
(b)[7]
Prepare the disposal account for the year to 31 July 2021.
(c)[3]
Discuss why a business might decide to depreciate plant and machinery by means of the reducing balance method.
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