[bad2341]

sir i have a question on depreciation . the question is
Rookie bought a machine for $10,000on 1 January2015.He estimates a useful life of eight years and a residual value of $800. Depreciation is to be calculated on a straight line basis
Required:Write up for 2015 and 2016 the:
a)Machinery account
b)Accumulated depreciation account
c)Depreciation expense account.

B)Show how the machine would be presented in the S.O.F.P as at 31 December2015 and 31 December 2016

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