A machine is purchased on 1 January 2015 for 20,000 and is to be depreciated using the
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A machine is purchased on 1 January 2015 for £20,000 and is to be depreciated using the reducing balance method at a rate of 20%.
Show the provision for depreciation of machinery account for the years 2015, 2016 and 2017.
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Related Book For
Frank Woods Business Accounting Basics
ISBN: 9780273725008
1st Edition
Authors: Frank Wood, Mr David Horner
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