A machine costs 8,000. It will be kept for five years, and then sold for an estimated

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A machine costs £8,000. It will be kept for five years, and then sold for an estimated figure of £2,400. Show the calculations of the figures for depreciation (to nearest £) for each of the five years using

(a) The straight line method,

(b) The reducing balance method, for this method using a depreciation rate of 20 per cent.

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Frank Woods Business Accounting Volume 1

ISBN: 9780273681496

10th Edition

Authors: Frank Wood, Alan Sangster

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Question Posted: Aug 19, 2023 06:09 AM

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A machine costs 8,000. It will be kept for five years, and then sold for an estimated

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Straight Line Method In the straightline method the depreciation is evenly spread over the useful li...View the full answer

Frank Woods Business Accounting Volume 1

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