A builder owns three cranes, particulars of which are stated on the right. The cranes are depreciated
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A builder owns three cranes, particulars of which are stated on the right. The cranes are depreciated at 25% per annum using the reducing balance method, with time apportioning in the year of acquisition and disposal. Crane B was sold on 30 June year 6. The depreciation for year 6 would be:
(a) £21,563
(b) £23,750
(c) £25,000
(d) £31,563
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Related Book For
Financial Accounting An Introduction
ISBN: 9780273737650
2nd Edition
Authors: Mr Barry Elliott, Mr Augustine Benedict
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