A piece of equipment originally cost 80,000. It is expected to be used for five years and
Question:
A piece of equipment originally cost £80,000. It is expected to be used for five years and then sold for £800. Show your calculations of the amount of depreciation each year using
(a) the reducing balance method at 60% per year; and
(b) the straight-line method.
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Answer a Reducing Balance Method at 60 per year The reducing balance method calculates depreciation ...View the full answer
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