Q) The original cost of a certain piece of equipment is 150,000 and sometimes it is depreciated by a 10% sinking fund method. Determine the annual depreciation charge if the book value of the equipment after 10 years is the same as if it had been depreciated at 14,000 each year by straight-line formula

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Q) The original cost of a certain piece of equipment is 150,000 and sometimes it is depreciated by a 10% sinking fund method. Determine the annual depreciation charge if the book value of the equipment after 10 years is the same as if it had been depreciated at 14,000 each year by straight-line formula

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