Machinery with a capitalized cost of 260 000 was brought on 30 April 2018 and...
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Accounting
Machinery with a capitalized cost of 260 000 was brought on 30 April 2018 and was ready for use on that day.However,the machinery was put to use on 1 June 2018.The estimated useful life of the machine is 5 years and the estimated residual value is 20 000.If we use the straight line method ,the amount of depreciation recorded for this machine on 31 December 2018,the financial year end,would be?
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