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the accounting period on 1 July 2021 a new machine cost 200,000 residual value of $10,000 useful life 5 years company has decided to depreciate

the accounting period on 1 July 2021

a new machine cost 200,000

residual value of $10,000

useful life 5 years

company has decided to depreciate the machine using the reducing balance method at the rate of 50% What would be the depreciation expense on the machine in the second year for the period 1 July2020 to 30June 2021?

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