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Advanced Financial Accounting New Syllabus
www.accountingtechniciansireland.ieAdvanced Financial Accounting May 2016 2nd year paper Page 5 of 23 Adv.Fin.Acc S2016AFA 2. On 1st July 2015, a company that prepares financial statements to 30th June each year acquires an item of equipment at a cost of €/£75,000. The item’s useful life is expected to be 4 years with a residual value of