# Question on calculation

#### nacggk

6 July 2018 Q

Does anyone know how to calculate this with explanations?

Monow Manufacturing provided the following information at 1 June 2017.

Machinery – Cost \$18 100 – Accumulated depreciation \$8 350

On 1 January 2018 a machine was sold for \$3 000 cash. The machine was purchased on 1 September 2015 for \$6 600 On 1 March 2018 a new machine costing \$9 900 was purchased. Depreciation is charged for each month of ownership at 20% per annum on a straight line basis.

4a Calculate for the machine disposed of:
(i) the total amount of depreciation charged. - Model answer is \$3080
(ii) the profit or loss on disposal - Model answer is \$520
b Calculate the total depreciation charge on the machinery for the year ended 31 May 2018. Model answer is \$3565

VIP Member
Yes.

#### nacggk

How to calculate the above questions? Can anyone explain with workings?

#### kirby

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