A machine acquired for 180,000 on 1 January 2008 is expected to have an economic life of

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A machine acquired for £180,000 on 1 January 2008 is expected to have an economic life of five years and a residual value of £30,000. The machine is depreciated using the sum of the years’ digits method. The depreciation for the year ended 31 December 2011 would be:

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Financial Accounting An Introduction

ISBN: 9780273737650

2nd Edition

Authors: Mr Barry Elliott, Mr Augustine Benedict

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