A firm buys machinery for business use which costs 50,000 and is expected to last four years

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A firm buys machinery for business use which costs £50,000 and is expected to last four years with no residual value.

Produce a table comparing the depreciation and net book values for each year of the asset’s life using the straight line and reducing balance methods of depreciation (take the rate of 50%

for reducing balance).

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Frank Woods Business Accounting Basics

ISBN: 9780273725008

1st Edition

Authors: Frank Wood, Mr David Horner

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