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Use the information below to answer the following questions:
Creep Ltd purchased a machine for $100 000 on 1 January 2010. It has an estimated useful life of 5 years. Creep Ltd’s financial period ends on 31 December. The machine was depreciated using the reducing balance method at 60%.
-What was the balance of accumulated depreciation at 31 December 2012?
Confidence Interval
A segment of values, derived from analyzing a sample, that is likely to encapsulate the value of an undisclosed population attribute.
Sample Mean
The average of a subset of a population.
Margin of Error
A measure that indicates the range of values within which the true population parameter is expected to fall.
Sample Size
The number of observations or data points collected for a study or experiment.
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