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2) Plant was purchased for a new manufacturing facility at the start of the financial year in 2022 and its cost of £180,
Posted: Tue May 24, 2022 10:34 am
by answerhappygod
- 2 Plant Was Purchased For A New Manufacturing Facility At The Start Of The Financial Year In 2022 And Its Cost Of 180 1 (38.48 KiB) Viewed 6 times
2) Plant was purchased for a new manufacturing facility at the start of the financial year in 2022 and its cost of £180,000 will be depreciated over a 5 year period, with an estimated value after that time of £10,000. Using a declining balance depreciation method, determine the following: a) The expenditure entered in the Profit and Loss account over the 5 year period. b) The net book value entered in the Balance Sheet after 3 years of usage. [6]