A company, which makes up its accounts annually to 31 December, provides for depreciation of its machinery

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A company, which makes up its accounts annually to 31 December, provides for depreciation of its machinery at the rate of 10 per cent per annum on the diminishing balance system.

On 31 December 19X9, the machinery consisted of three items purchased as under:

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Your calculations showing the depreciation provision for the year 19X9.

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ISE Business Accounting Volume 1

ISBN: 9780273638391

8th Edition

Authors: Frank Wood, Alan Sangster

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Question Posted: May 24, 2024 02:03 AM

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A company, which makes up its accounts annually to 31 December, provides for depreciation of its machinery

Question:

On 1 January 19X7 Machine A On 1 April 19X8 Machine B On 1 July 19X9 Machine C Cost 3,000 Cost 2,000 Cost 1,000

Step by Step Answer:

ISE Business Accounting Volume 1

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