Holt plc purchased a computer for 8,000 on January 1, 2021. Straightline depreciation is used, based on
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Holt plc purchased a computer for £8,000 on January 1, 2021. Straightline depreciation is used, based on a 5-year life and a £1,000 residual value. In 2023, the estimates are revised. Holt now feels the computer will be used until December 31, 2024, when it can be sold for £500. Compute the 2023 depreciation.
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Related Book For
Intermediate Accounting IFRS
ISBN: 9781119607519
4th Edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
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