Paper 1 February/March 2018 Accounting (9706/12) A Level
On 1 January 2020, Marek bought some machinery. He paid a total of 50000$.
Of this, 6000$ was for maintenance of the machinery until 31 December 2022.
Marek depreciates his machinery at the rate of 10% per annum.
How was the expenditure recorded in Marek’s financial statements for the year ended
31 December 2020?