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Prepare a straight line depreciation table

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Reference no: EM132875382

Question - B&A Inc., recently purchased new Machinery for the business at a list price of Rs =95,000/-. Mr Nailson the seller remained your old good friend so he offered you 13% discount. The policy requires Rs =77,00/-. as an insurance coverage for in transit. Mr Nailson also incurred Rs =1550/- as a promotional activity in selling process related to this particular machine. Freight charges totaled =990/- Rs incurred for delivery of the machine. Installation charges of machinery is =2460/- Rs. After installation training cost of the machinery for assurance of proper working is Rs=750/-. Right after machinery started working and produced some units the company incurred Rs=1200/- for service charges for machinery. Being an accountant of B&A Inc., you have been provided with following additional information: the estimated useful life of the asset is 4.5 years, Residual value of the asset is estimated Rs=5550/-. Prepare a straight line depreciation table?

Reference no: EM132875382

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