A machine acquired for 180,000 on 1 January 2008 is expected to have an economic life of
Question:
A machine acquired for £180,000 on 1 January 2008 is expected to have an economic life of five years and a residual value of £30,000. The machine is depreciated using the sum of the years’ digits method. The depreciation for the year ended 31 December 2011 would be:
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a £10,000 b £20,000 c £24,000 C d £30,000
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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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