A Black and Blue Ltd depreciates its forklift trucks using a reducing balance rate of 30 per
Question:
A Black and Blue Ltd depreciates its forklift trucks using a reducing balance rate of 30 per cent. Its accounting year end is 30 September. On 30 September 2013, it owned four forklift trucks: (A) Purchased on 1 January 2010 for £2,400 (B) Purchased on 1 May 2011 for £2,500 (C) Purchased on 1 October 2011 for £3,200 (D) Purchased on 1 April 2013 for £3,600 Required: Calculate the depreciation provision for the year ending 30 September 2013.
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Depreciation for reducing balance method is calculated using the formula Depreciation for the year P...View the full answer
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Related Book For 
Frank Woods Business Accounting
ISBN: 9780273759287
12th Edition
Authors: Frank Wood. Sangster, Alan
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