Black and Blue Ltd depreciates its forklift trucks using a reducing balance rate of 30 percent. Its

Question:

Black and Blue Ltd depreciates its forklift trucks using a reducing balance rate of 30 percent. Its accounting year end is 30 September. On 30 September 2017, it owned four forklift trucks:

(A) Purchased on 1 January 2014 for £2,400

(B) Purchased on 1 May 2015 for £2,500

(D) Purchased on 1 April 2017 for £3,600

Required:
Calculate the depreciation provision for the year ending 30 September 2017.

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Frank Woods Business Accounting Volume 1

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Black and Blue Ltd depreciates its forklift trucks using a reducing balance rate of 30 percent. Its

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Frank Woods Business Accounting Volume 1

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