A company starts in business on 1 January 2008, the financial year end being 31 December. You

Question:

A company starts in business on 1 January 2008, the financial year end being 31 December.

You are to show:

(a) The machinery account.

(b) The provision for depreciation account.

(c) The balance sheet extracts for each of the years 2008, 2009, 2010, 2011.

The machinery bought was:

image text in transcribed

Depreciation is over eight years, using the straight line method, machines being depreciated for the proportion of the year that they are owned.

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Business Accounting Uk Gaap Volume 1

ISBN: 9780273718765

1st Edition

Authors: Frank Wood, Alan Sangster

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Question Posted: Jun 04, 2024 02:08 AM

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A company starts in business on 1 January 2008, the financial year end being 31 December. You

Question:

2008 1 January 2009 1 August 1 machine costing 1,200 2 machines costing 672 each 1 November 1 machine costing 1,920 2011 1 May 1 machine costing 300

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Business Accounting Uk Gaap Volume 1

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