Calculate the depreciation expense in the year of 2014 by using Straight line method Asif Company acquired machinery on January 1, 2014 with an amount AED84,000. The useful life of the machinery is expected to be 4 years. The salvage value at the end of the life of the machinery is expected to be AED4,000. The machinery can produce maximum 80,000 units during its useful life.

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Calculate the depreciation expense in the year of 2014 by using Straight line method
Asif Company acquired machinery on January 1, 2014 with an amount AED84,000. The
useful life of the machinery is expected to be 4 years. The salvage value at the end of the
life of the machinery is expected to be AED4,000. The machinery can produce maximum
80,000 units during its useful life.
Transcribed Image Text:Calculate the depreciation expense in the year of 2014 by using Straight line method Asif Company acquired machinery on January 1, 2014 with an amount AED84,000. The useful life of the machinery is expected to be 4 years. The salvage value at the end of the life of the machinery is expected to be AED4,000. The machinery can produce maximum 80,000 units during its useful life.
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