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A company's plant and machinery ledger account for the year ended 30 September 2012 was as follows: 2011 1 Oct Balance 1 Dec Cash addition
A company's plant and machinery ledger account for the year ended 30 September 2012 was as follows:
2011
1 Oct Balance
1 Dec Cash addition
381,200
18,000 399,200
2012
1 Jun Disposal account cost of asset sold
30 Sep Balance
36,000 363,200 399,200
PLANT AND MACHINERY COST KK
(b) The company's policy is to charge depreciation at 20% per year on the straight line basis, with proportionate depreciation in years of purchase and disposal.
What is the depreciation charge for the year ended 30 September 2013.
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