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Begas Backpacks Ltd also purchased sewing machinery on 1 st July 2020 for $43 000 It is estimated that the sewing machinery will have a

Begas Backpacks Ltd also purchased sewing machinery on 1st July 2020 for $43 000

It is estimated that the sewing machinery will have a useful life of 3 years with $10 000 residual

The rate decided on by the company is 34%

Calculate the depreciation expense, accumulated depreciation and carrying amount for the financial year ended, 2023 (the final year) using the reducing (diminishing) balance method of depreciation. Round amounts to the nearest whole $

Year

Depreciation expense

Accumulated depreciation

Carrying amount

30th June 2023

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