Question

A business purchases of a new machine for * 75,000 on 1st
April, 2018. It is estimated that the machine will have a
residual value of 10,000 and a useful economic life of five
years. The business decides to calculate annual depreciation
at the rate of 10% of the written down value. The business
has an accounting year ending on 31st March, Prepare
Machine Account

Answer 1

Answer:

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Explanation: