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Chapter 3

Q. 3.4

A welding robot is bought by a car manufacturer for £200,000 on 1 January 2014. It
costs £40,000 to install the robot and it is expected to be used for a period of 10 years,
after which it is expected to be sold to an industrial museum for £4,000. What is the
key information needed for depreciation calculations?

Step-by-Step

Verified Solution

For the purpose of depreciation calculations:
● The cost is £240,000 (£200,000 + £40,000).
● The useful life is 10 years.
● The estimated residual value is £4,000.