A manufacturer owns three machines the first acquired on 1.1.2006 for 110,000, the second on 1.7.2008
Question:
A manufacturer owns three machines – the first acquired on 1.1.2006 for £110,000, the second on 1.7.2008 for £90,000 and the third on 1.10.2010 for £130,000. He expects to use each machine for ten years and realise the scrap for £10,000. Using the straight-line method what is his depreciation for the year ended 31.12.2010?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Financial Accounting An Introduction
ISBN: 9780273737650
2nd Edition
Authors: Mr Barry Elliott, Mr Augustine Benedict
Question Posted: