A company which makes up its financial statements annually

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A company which makes up its financial statements annually to 31 December, provides for depreciation of its machinery at the rate of 12 per cent per annum using the reducing balance method. On 31 December 2015, the machinery consisted of three items purchased as shown:

	£
On 1 January 2013 Machine A	Cost 4,000
On 1 September 2014 Machine B	Cost 7,000
On 1 May 2015 Machine C	Cost 2,000

Reference no: EM131385693

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