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Demolition plc purchases a machine for 15,000 on 1 January 2020. After incurring transportation costs of 1,300 and spending 2,500 on installing the machine it
Demolition plc purchases a machine for 15,000 on 1 January 2020. After incurring transportation costs of 1,300 and spending 2,500 on installing the machine it breaks down and costs 600 to repair. Depreciation is charged at 10% per annum straight-line. At what carrying amount will the machine be shown in Demolition plc's statement of financial position at 31 December 2020? 16,920 14,670 13,500 18,800
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