On 1 January 2012 Falkirk plc moved into its new premises acquired at a cost of 500,000

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On 1 January 2012 Falkirk plc moved into its new premises acquired at a cost of £500,000 and wishes to depreciate it using the straight-line method. Its structural engineer reports as stated.

Required:

Calculate the depreciation to be written off in the year ending 31.12.2012.

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Financial Accounting An Introduction

ISBN: 9780273737650

2nd Edition

Authors: Mr Barry Elliott, Mr Augustine Benedict

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Question Posted: Aug 31, 2023 02:25 AM

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On 1 January 2012 Falkirk plc moved into its new premises acquired at a cost of 500,000

Question:

Components Physical structure Roof Plumbing Electrics Air conditioning Cost £340,000 £120,000 £18,000 £12,000 £10,000 £500,000 Useful life 50 years 20 years 15 years 10 years 5 years

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On the component approach the depreciation for the year w...View the full answer

Financial Accounting An Introduction

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