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Black and Blue Ltd depreciates its forklift trucks using a reducing balance rate of 30 per cent. Its accounting year end is 30 September. On 30 September 20X6, it owned four forklift trucks: (A) Purchased on 1 January 20X3 for £2,400 (B) Purchased on 1 May 20X4 for £2,500 (C) Purchased on 1 October 20X4 for £3,200 (D) Purchased on 1 April 20X6 for £3,600 Required: Calculate the depreciation provision for the year ending 30 September 20X6.
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