A company bought a machine for BD 250,000 which has a useful life of 10...
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Accounting
A company bought a machine for BD 250,000 which has a useful life of 10 years and can be sold for BD50,000 at the end of its useful life. In addition, the cost of installing the machine is BD25,000 while the cost of dismantling is BD 7,500. Determine the accumulated depreciation and book value at the end of 8th year using sinking fund if interest is 12%
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