A firm bought a machine for 16,000. It is expected to be used for 5 years then

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A firm bought a machine for £16,000. It is expected to be used for 5 years then sold for £1,000. What is the annual amount of depreciation if the straight line method is used?

(A) £3,200

(B) £3,100

(D) £3,000.

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Frank Woods Business Accounting Volume 1

ISBN: 9780273681496

10th Edition

Authors: Frank Wood, Alan Sangster

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Question Posted: Aug 20, 2023 01:00 AM

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A firm bought a machine for 16,000. It is expected to be used for 5 years then

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The formula to calculate annual depreciation using the straightlin...View the full answer

Frank Woods Business Accounting Volume 1

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