Workman Group purchased a machine on January 2, 2019, for 800,000. The machine has an estimated useful

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Workman Group purchased a machine on January 2, 2019, for €800,000. The machine has an estimated useful life of 5 years and a residual value of €100,000. Depreciation was computed by the 150% declining-balance method. What is the amount of accumulated depreciation at December 31, 2020?
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Intermediate Accounting IFRS

ISBN: 978-1119372936

3rd edition

Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield

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