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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
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A machine was purchased on January for P and was depreciated over a period of ten years using the straightline method. On January it was decided that the machine had a total useful life of just seven years.
Calculate the depreciation charge for the year ending December
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