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ITAA Toelatingsexamen Practice Questions - ITAA Admission Exam (Toelatingsexamen Examen D'admission) - Certified Accountant Or Certified Tax Advisor Stage, Belgium Exam

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On 1 January a Belgian company buys a machine for EUR 50,000. Residual value is EUR 5,000 and the useful life is 5 years. Straight-line depreciation (lineaire afschrijving) is used. What is the annual depreciation charge?
Correct Answer:
EUR 9,000

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