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Making Things Limited owns some plant and machinery for use in the business. At the end of the financial year 31 March 2020 the balance
Making Things Limited owns some plant and machinery for use in the business. At the end of the financial year 31 March 2020 the balance sheet showed the following fixed asset figures before depreciation was charged for the year: Plant & Machinery at Cost 125,000; Provision for Depreciation on Plant & Machinery to date 52,738. If the equipment is depreciated at 15% using the reducing balance method, what will be the depreciation charged in the year to 31 March 2020
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