Business
Business, 21.12.2019 02:31, romedome15

On january 1, year one, an entity acquires a new piece of machinery for $100,000 with an estimated useful life of 10 years. the machine has a drum that must be replaced every five years and costs $20,000 to replace. also included in the cost of the machine is an inspection fee of $8,000. continued operations of the machine require an inspection every four years after purchase. the company uses the straight-line method of depreciation. under ifrs what is the depreciation expense for year one?

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On january 1, year one, an entity acquires a new piece of machinery for $100,000 with an estimated u...

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