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Calculate the correct net book value of the machine

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Plant Assets and Depreciation Angela purchased a machine for her business on 1 March 20X1 for $12,000. Shee incurred additional costs for transportation of $1,300 and installation of $2,000. Shortly after she started to use the machine, it broke down and the repairs of the machine cost $600. Angels charges depreciation at 10% per annum on straight line basis with a full year's charge in the year of acquisition

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Problem 1: Calculate the correct net book value of the machine at the year end date of 31 December 20X1

Reference no: EM132779298

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