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Determine the amount of depreciation expense

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Question - On 1 July 2019, BCF Instrument Ltd purchased a new machinery with a list price of $250,000. Freight inward of $6,700 and installation costs of $4,300 were also paid. The machine has a useful life of 5 years and a residual value at the end of its useful life of $15,000. Ignore GST.

Required - Determine the amount of depreciation expense for each year assuming use of the straight-line depreciation method.

Reference no: EM132502895

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