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Economics, Accounting & Business: Post your doubts here!

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I cant see that
 
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Hi can someone please explain to me why in this paper, it's November 2010 42 question 1

They have deducted vehicles from provision for depreciation when making income statement but they never deducted building and machinery from their respective provision for depreciation figures

This is what it says for them in the additional information: depreciation is to be provided at the following rates : buildings at 2% per annum on cost, machinery at 10% per annum on cost and vehicles at 40% annum reducing balance

Did they deduct because it's the reducing balance ? Please clear this confusion for me
 
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can anyone give me a brief on the tree type of union....the economic union customs trade area and free trade area

Free trade area: No internal tariffs, Different external tariffs, No mobility of labour allowed within the union
Custom Union: No internal tariffs, Common external tariffs, No mobility of labour allowed
Economic Union: No internal tariffs, Common external tariffs, Common currency, mobility of labour allowed within union
 
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