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Suppose that company ABC plc depreciates its machinery using the reducing balance method, with a 30% yearly depreciation. The machinery cost 50,000, at the beginning

Suppose that company ABC plc depreciates its machinery using the reducing balance method, with a 30% yearly depreciation. The machinery cost 50,000, at the beginning of the year had accumulated depreciation for 15,000 and its useful life is 5 years. The depreciation charge for the year is?

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