Examlex
Use the information below to answer the following questions:
Jacques Ltd purchased a computer for $4500 on 1 July 2009. It had an estimated useful life of 3 years. It was depreciated using the straight-line method. The financial year ends on 30 June.
-What was the balance of accumulated depreciation at 30 June 2012?
Open Ocean
The vast expanse of seawater that is not in close proximity to any landmass, often referred to as the high seas.
Overfishing
The depletion of fish stocks due to fishing at a rate that is unsustainable.
Property Rights
Legal rights to possess, use, and dispose of assets including tangible and intangible properties.
Deforested
Areas that have been cleared of trees and converted to non-forest use.
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