Question: Rig Engineers had purchased a machine on 1st April 2011 for 60000. the estimated life of the fixed assert is 5 years, and a residual

Rig Engineers had purchased a machine on 1st April 2011 for 60000. the estimated life of the fixed assert is 5 years, and a residual value of P7000. find the actual depreciation under straight line method. Also show the cost of the machine, Accumulated depreciation and the net book value for the first four years in a columnar form.

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