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9517&cmid=2274590& page =2 ? AS Arshdeep Singh Samra v Belle Food Production Ltd purchased a new canning machine on 1 January 20 Time left 2:01:1
9517&cmid=2274590& page =2 ? AS Arshdeep Singh Samra v Belle Food Production Ltd purchased a new canning machine on 1 January 20 Time left 2:01:1 (excluding GST) on credit. At that time the canning machine was estimated to have a useful life of 6 years and the residual value to be $2,000. Belle Food Production Ltd uses the straight-line method of depreciation. The business pays a six monthly fee to a maintenance company (paid on 2 January and 2 July each year) to service the canning machine to avoid beak downs at an annual cost of $3,000 (excluding GST). The service fee is paid in cash at the time of the service. On 1 July 2023, the canning machine underwent
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