On 1 July 2021, Barkly Ltd purchased a machine with a list price of $150,000. Freight costs
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On 1 July 2021, Barkly Ltd purchased a machine with a list price of $150,000. Freight costs of $5,000 and installation costs of $2,500 were also paid in cash. The machine has a useful life of 4 years and a residual value at the end of its useful life of $25,000.
Depreciation expense for the year ending 30 June 2022 will be?
Related Book For
Accounting
ISBN: 978-1118608227
9th edition
Authors: Lew Edwards, John Medlin, Keryn Chalmers, Andreas Hellmann, Claire Beattie, Jodie Maxfield, John Hoggett
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