At the end of 2020, the company purchased a machinery at the price of 2

Subject:AccountingPrice:2.84 Bought3

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At the end of 2020, the company purchased a machinery at the price of 2.700 lei, transportation 300 lei. The useful life of machinery is 3 years, and the company use the straight line depreciation method. The formula for annual depreciation is:

Accumulated depreciation of machinery = Depreciation expense 900

Accumulated depreciation of machinery = Depreciation expense 1.000

Depreciation expense = Accumulated depreciation of machinery 1.000

Depreciation expense = Accumulated depreciation of machinery 900