The plant and machinery, details of which are given in question 30.4, is depreciated on a straight
Question:
The plant and machinery, details of which are given in question 30.4, is depreciated on a straight line basis at 10 per cent per annum. The depreciation charge is based on year end values. What is the current cost depreciation charge for the year ended 31 December 20X5, if the index at that date is 160?
Data from Question 30.4
Plant and machinery was purchased on 1 January 20X3 for £30,000, when the relevant specific price index was 90. What is the current cost value of the asset at 31 December 20X4 if the index at that date is 120?
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Related Book For 
Frank Woods Business Accounting Volume 2
ISBN: 9780273693109
10th Edition
Authors: Frank Wood, Alan Sangster
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