Depreciation of fixed assets
Real life example:
Solution - how to calculate correct depreciation ...?
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Next - Machine XYZ, purchased in December 2014, initial value GBP 15,000,
- Applied depreciation rate 14% - for the entire initial value
- Most probable period of use of 15 years
- Period of economic use equal to 20 years
- Residual value (market price of a 15-year old machine XYZ, information from December 2014) is equal to GBP 3,000
Solution - how to calculate correct depreciation ...?
