1 A firm bought a machine for £16,000. It is expected to be used for 5 years then sold for £1,000. What is the annual amount of depreciation if the straight line method is used? (A) £3,200 (B) £3,100...

1

A firm bought a machine for £16,000. It is expected to be used for 5 years then sold for

£1,000. What is the annual amount of depreciation if the straight line method is used?

(A) £3,200