Question: A company has bought a new computer system for cash at the beginning of its financial year at a cost of 30,000. It is expected

A company has bought a new computer system for cash at the beginning of its financial year at a cost of £30,000. It is expected to last 4 years with no value at the end of that period. What is the impact on the Income Statement, Balance Sheet and Cash Flow at the end of the year?

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