Question
On 1 July 20X1, Newton Ltd purchased a machine for $100,000. Shipping costs was $10,000. The machine has a residual value of $20,000. Its useful
On 1 July 20X1, Newton Ltd purchased a machine for $100,000. Shipping costs was $10,000. The machine has a residual value of $20,000. Its useful life is 6 years. Required: Determine the amount of depreciation expense for the years ending 30 June 20X2 and 30 June 20X3, using a) The straight-line method. (4 marks) b) The sum of years digit method.
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Statistical Techniques For Analytical Review In Auditing
Authors: Kenneth W. Stringer, Trevor R. Stewart
1st Edition
047186076X, 978-0471860761
