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 20X6, it owned four forklift trucks:

(A) Purchased on 1 January 20X3 for £2,400

(B) Purchased on 1 May 20X4 for £2,500

(D) Purchased on 1 April 20X6 for £3,600

Required:

Calculate the depreciation provision for the year ending 30 September 20X6.

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Frank Woods Business Accounting Volume 1

ISBN: 9780273681496

10th Edition

Authors: Frank Wood, Alan Sangster

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Question Posted: Aug 19, 2023 06:09 AM

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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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