1. On 1 April 2009 Foley Ltd purchased machinery for $250,000. Residual value was estimated to be $10,000. The estimated useful life is 10 years. Depreciation expense using the straight-line method...

1. On 1 April 2009 Foley Ltd purchased machinery for $250,000. Residual value was estimated to be $10,000. The estimated useful life is 10 years. Depreciation expense using the straight-line method for the year ended 30 June 2009 is?

$nil.

2. Marsh Ltd purchased factory equipment that was installed and put into service 1 July 2008, at a total cost of $90,000. Residual value was estimated at $6,000. The equipment is being depreciated over four years using the diminishing-balance method and a depreciation rate of 50%. For the year ended 30 June 2010, Marsh should record depreciation expense on this equipment of?