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What should the depreciation expense in respect

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Question - A company acquired machinery at 1 Jan X5 at a cost of £30,000. The machinery had an expected useful life of 10 years and a residual value of £2,000. On 1 Jan X8, the remaining useful life of the machinery was reviewed and estmated at 5 years, the expected residual value was still £2,000. What should the depreciation expense in respect of this machinery for the year ending 31 Dec X8?

Reference no: EM132876232

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