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Question 3 ( 4 ) A machine was purchased on 1 January 2 0 1 0 for P 8 0 , 0 0 0 and

Question 3(4)
A machine was purchased on 1 January 2010 for P80,000 and was depreciated over a period of ten years using the straight-line method. On 1 January 2012 it was decided that the machine had a total useful life of just seven years.
Calculate the depreciation charge for the year ending 31 December 2012?

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