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A machine is purchased for $ 1,00,000. Expenses incurred on its cartage and installation $50,000. Calculate the amount of depreciation @ 10% p.a. according
A machine is purchased for $ 1,00,000. Expenses incurred on its cartage and installation $50,000. Calculate the amount of depreciation @ 10% p.a. according to Straight Line Method for the first year Ending on 31st March, 2016 if this machine is purchased on: (a) 1st April, 2016 (b) 1st July, 2016 (c) 1st October, 2016 (d) 1st January, 2017
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Financial Accounting
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
IFRS 3rd edition
1118978080, 978-1119153726, 1119153727, 978-1119153702, 978-1118978085
