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Why is the Net Book Value Incorrect after Depreciation?
Hi There
I have an asset that is being depreciated using the straight line method.
The depreciation schedule is showing the following
The Net Book Value for the period 31/07/2022 appears to be incorrect.
I would expect it to be 24,432.26 (this being the Net book value of 24,963.40 as at end of 30/06/2022 less $531.14 depreciation for 31/07/2022)
Why would this value be incorrect?
Thanks
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