Question

21.7 A company which makes up its financial statements annually to 31 December, charges de
Clation on its machinery at the rate of 12 per cent per annum using the reducing balance method
On 31 December 2018, the machinery consisted of three items purchased as shown:
f
Cost 4,000
Cost 7,000
Cost 2,000
On 1 January 2016 Machine A
On 1 September 2017 Machine B
On 1 May 2018 Machine C

Answer 1

Answer:

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22-Feb-2021 — On 31 December 20X8, the machinery consisted of three items purchased as ... of its machinery at the rate of 15 per cent per annum using the ...