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Annual rate of depreciation

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The book value of Factory Machine M is £580,000 at the end of year 1, and is £160,000 at the end of year 4. Calculate, for Factory Machine M, the:

(i) annual rate of depreciation

(ii) book value at the end of year 2

(iii) estimated scrap value at the end of year 9.

Reference no: EM131075964

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