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APPLICABLE PRICING SUPPLEMENTFIRSTRAND BANK LIMITED (Registration Number 1929/001225/06) (incorporated with limited liability in South Africa) Issue of ZAR60,000,000.00 Equity Linked Eons Under its

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How to fill out rand depreciation

01

Gather all necessary information such as the original cost of the asset, the salvage value, and the useful life of the asset.

02

Determine the method of depreciation to be used (e.g. straight-line depreciation, double-declining balance method).

03

Calculate the annual depreciation expense by dividing the difference between the original cost and salvage value by the useful life of the asset.

04

Record the annual depreciation expense on the company's income statement and update the asset's book value on the balance sheet.

05

Repeat the process each year until the asset is fully depreciated.

Who needs rand depreciation?

01

Businesses that own and use assets such as equipment, machinery, vehicles, or buildings need to calculate and record depreciation for accounting and tax purposes.

02

Investors and creditors may also be interested in a company's depreciation schedule to assess the value and performance of its assets.

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What is rand depreciation?

Rand depreciation refers to the decrease in value of the South African rand compared to other currencies.

Who is required to file rand depreciation?

Businesses and individuals who deal with foreign exchange transactions are required to file rand depreciation.

How to fill out rand depreciation?

Rand depreciation can be filled out by providing details of foreign exchange transactions and calculating the decrease in the value of the rand.

What is the purpose of rand depreciation?

The purpose of rand depreciation is to track the changes in the value of the South African rand in comparison to other currencies.

What information must be reported on rand depreciation?

Information such as foreign exchange transactions, exchange rates, and the resulting depreciation of the rand must be reported on rand depreciation.

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