A machine costs 26,660. It will be kept for four years, and then sold for an estimated

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A machine costs £26,660. It will be kept for four years, and then sold for an estimated figure of £6,400. Show the calculations of the figures for depreciation (to nearest £) for each of the five years using

(a) the straight line method,

(b) the reducing balance method, for this method using a depreciation rate of 30 per cent.

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Frank Woods Business Accounting Volume 1

ISBN: 9781292084664

13th Edition

Authors: Alan Sangster, Frank Wood

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Question Posted: Mar 28, 2024 03:30 AM

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A machine costs 26,660. It will be kept for four years, and then sold for an estimated

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SOLUTION a Straight line method Cost of machine 26660 Estimated resale value after 4 years 6400 Rem...View the full answer

Frank Woods Business Accounting Volume 1

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