Question: Can this be done in the correct format please PROPERTY, PLANT AND EQUIPMENT The plant and machinery account for HKT construction company for the year
PROPERTY, PLANT AND EQUIPMENT The plant and machinery account for HKT construction company for the year ended 30 June 2019 us as follows: Plant and Machinery Account 2018 2019 July Balance 9,600 31 March 800 Transfer to disposal account 2.000 30 June Balance 10.800 31 Dec Bank: Purchase of machines 11.600 The company's policy is to charge depreciation on plant and machinery at 25% cach year on the straight-line basis with proportionate changes in the year of acquisition and the year of disposal. None of the assets held at 1 July 2018 was more than three years old. Now you have to calculate the charge of depreciation for the year ended 30 June 2019
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