Troy Ltd purchased a new machine on 1 October 2016 at a cost of $114,000....
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Troy Ltd purchased a new machine on 1 October 2016 at a cost of $114,000. The entity estimated that the machine has a residual value of $18,000. The machine is expected to be used for 20,000 working hours during its 5-year life. Calculate the depreciation expense under the straight-line method for 2016 and 2017, assuming a 31 December year-end.
2016 $
2017 $
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