ABC ltd purchased a mchine for $50,000 and is depreciating it using the straight line method over
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ABC ltd purchased a mchine for $50,000 and is depreciating it using the straight line method over a life of 10 years, with a residual value of $2000. At the begining of the sixth year, a major overhaul was made costing $5000, and the total estimated useful life was extended to 14 years with a residual value of $3,000. Calculate depreciation for the year 6.
Related Book For
Vector Mechanics for Engineers Statics and Dynamics
ISBN: 978-0073212227
8th Edition
Authors: Ferdinand Beer, E. Russell Johnston, Jr., Elliot Eisenberg, William Clausen, David Mazurek, Phillip Cornwell
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