Profit And Loss And Balance Sheets Page 22
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26Suppose ABC Engineering’s equipment was calculated to have 15 years of life.
3 : What would be the new figure for depreciation and gross profit?
Suppose it was proposed that an increase in production would mean extra gross profits of
£3,000. But the oldest machine would have to be scrapped and a machine costing £15,000
with a life expectancy of 15 years would have to be bought.
4 : Would ABC Engineering make a profit this quarter?
Answers can be found in the appendix on page 425
P 234
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