Auckland Co purchased a machine for $60,000 on 1 January 20X7 and assigned it a useful...
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Auckland Co purchased a machine for $60,000 on 1 January 20X7 and assigned it a useful life of 15 years. On 31 March 20X9 it was revalued to $64,000 with no change in useful life. What will be depreciation charge in relation to this machine in the financial statements of Auckland Co for the year ending 31 December 2009? Auckland Co purchased a machine for $60,000 on 1 January 20X7 and assigned it a useful life of 15 years. On 31 March 20X9 it was revalued to $64,000 with no change in useful life. What will be depreciation charge in relation to this machine in the financial statements of Auckland Co for the year ending 31 December 2009?
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