[caromalunga]

Machinery will from
2011 be depreciated at 20% per annum, using the reducing balance
method.
At 31 December 2010 the machinery account was as follows:
$
Cost 100 000
Accumulated depreciation 50 000
Carrying amount 50 000
No machinery was bought or sold in 2010.Required
(a) Calculate deprecation for the year ended 31 December 2011.
(b) Calculate depreciation for the years 2012 and 2013

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