A manufacturer owns three machines the first acquired on 1.1.2006 for 110,000, the second on 1.7.2008

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A manufacturer owns three machines – the first acquired on 1.1.2006 for £110,000, the second on 1.7.2008 for £90,000 and the third on 1.10.2010 for £130,000. He expects to use each machine for ten years and realise the scrap for £10,000. Using the straight-line method what is his depreciation for the year ended 31.12.2010?

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Financial Accounting An Introduction

ISBN: 9780273737650

2nd Edition

Authors: Mr Barry Elliott, Mr Augustine Benedict

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