An extract of the year-end Trial Balance is shown. A new machine had been acquired for 180,000
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An extract of the year-end Trial Balance is shown. A new machine had been acquired for £180,000 on 1 September 2010. Machinery is depreciated at 25% on the reducing balance method with proportionate depreciation in the year of acquisition. The financial statements for the year ended 30 June 2011 will report:
Transcribed Image Text:
Trial Balance as at 30 June 2011 Machinery at cost Accumulated depreciation to 30.6.2010 Depreciation a £112,750 b £116,500 c £157,750 d £161,500 £'000 £'000 920 424 Written-down value £383,250 £379,500 £338,250 £514,500
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Related Book For
Financial Accounting An Introduction
ISBN: 9780273737650
2nd Edition
Authors: Mr Barry Elliott, Mr Augustine Benedict
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