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please show the calculation!! Question 1 ABC Lad started business on January | 2014, and its financial year end on December 31 cach year. It
please show the calculation!! Question 1 ABC Lad started business on January | 2014, and its financial year end on December 31 cach year. It had th following Machinery as at December, 2018 5 2014 January 1, bought one machine costing 13,000 2015 June 30, bought one machine casting 78,000 2015 October 1. bought two machines conting 10,400 each 2017 April 1, bought one machine costing 52.000 2018 Morch I bought two machines 11.700 each The compuny's policy is to depreciate assets at a rate of 15% per annum using straight line method on a one month ownership basis Required: prepare the following: Statement of depreciation accounts b. Machine account and c. Provision for depreciation account
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