A machine is purchased for $80 000. It is expected that it will have a trade-in value
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A machine is purchased for $80 000. It is expected that it will have a trade-in value of $8000 at the end of its useful life. Depreciation will be provided at 40% per annum using the reducing balance method. Calculate the annual depreciation charge for the first 2 years of ownership.
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Related Book For
Cambridge International As And A Level Accounting Revision Guide
ISBN: 9781444192001
1st Edition
Authors: Ian Harrison, Michael Hillman
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