Show the equipment account

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Reference no: EM131385823

A company starts in business on 1 January 2014, the financial year end being 31 December. You are to show:

(a) The equipment account.

(b) The provision for depreciation account.

The equipment bought was:

2014	1 January	1 machine costing £800
2015	1 July	2 machines costing £1,200 each
	1 October	1 machine costing £600
2016	1 April	1 machine costing £ 1,400

Depreciation is over 10 years, using the straight line method, machines being depreciated for the proportion of the year that they are owned.

Reference no: EM131385823

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