Marek purchased some machinery on 1 January 2020. The total amount he paid was $50000. A sum of $6000 of this amount was for maintenance of the machinery up to 31 December 2022. Marek charges depreciation on his machinery at $10\%$ per annum. In Marek’s financial statements for the year ended 31 December 2020, how should the expenditure be shown?
Accounting 9706 · AS & A Level · Accounting for non-current assets