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Calculate for a sewing machine the rate of depreciation

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Reference no: EM131127584

A sewing machine is depreciated by the diminishing balance method. It has an initial cost of £450,000 and a book value after one year of £270,000.

Calculate, for A sewing machine

(1) the rate of depreciation

(2) the book value after 2 years

(3) the amount of depreciation expected during year 3.

Reference no: EM131127584

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