On 1 January 2015: A Company has a Machine which cost $100,000. Accumulated Depreciation to date...
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On 1 January 2015: A Company has a Machine which cost $100,000. Accumulated Depreciation to date on the Machine is $20,000. Residual Value is Zero.The total useful life of the Machine is 10 years and there are 8 years of useful life remaining.The Company uses straight line depreciation. The Company has revised the total useful life of the Machine to 18 years on 1 January 2015. The accounting year-end is 31 December each year. Accumulated Depreciation by 31 December 2016 will be: Select one: a. $28,888.88 O b. None of these options O c. $40,000 O d. $50,000 O e. $30,000 On 1 January 2015: A Company has a Machine which cost $100,000. Accumulated Depreciation to date on the Machine is $20,000. Residual Value is Zero.The total useful life of the Machine is 10 years and there are 8 years of useful life remaining.The Company uses straight line depreciation. The Company has revised the total useful life of the Machine to 18 years on 1 January 2015. The accounting year-end is 31 December each year. Accumulated Depreciation by 31 December 2016 will be: Select one: a. $28,888.88 O b. None of these options O c. $40,000 O d. $50,000 O e. $30,000 On 1 January 2015: A Company has a Machine which cost $100,000. Accumulated Depreciation to date on the Machine is $20,000. Residual Value is Zero.The total useful life of the Machine is 10 years and there are 8 years of useful life remaining.The Company uses straight line depreciation. The Company has revised the total useful life of the Machine to 18 years on 1 January 2015. The accounting year-end is 31 December each year. Accumulated Depreciation by 31 December 2016 will be: Select one: a. $28,888.88 O b. None of these options O c. $40,000 O d. $50,000 O e. $30,000 On 1 January 2015: A Company has a Machine which cost $100,000. Accumulated Depreciation to date on the Machine is $20,000. Residual Value is Zero.The total useful life of the Machine is 10 years and there are 8 years of useful life remaining.The Company uses straight line depreciation. The Company has revised the total useful life of the Machine to 18 years on 1 January 2015. The accounting year-end is 31 December each year. Accumulated Depreciation by 31 December 2016 will be: Select one: a. $28,888.88 O b. None of these options O c. $40,000 O d. $50,000 O e. $30,000 On 1 January 2015: A Company has a Machine which cost $100,000. Accumulated Depreciation to date on the Machine is $20,000. Residual Value is Zero.The total useful life of the Machine is 10 years and there are 8 years of useful life remaining.The Company uses straight line depreciation. The Company has revised the total useful life of the Machine to 18 years on 1 January 2015. The accounting year-end is 31 December each year. Accumulated Depreciation by 31 December 2016 will be: Select one: a. $28,888.88 O b. None of these options O c. $40,000 O d. $50,000 O e. $30,000 On 1 January 2015: A Company has a Machine which cost $100,000. Accumulated Depreciation to date on the Machine is $20,000. Residual Value is Zero.The total useful life of the Machine is 10 years and there are 8 years of useful life remaining.The Company uses straight line depreciation. The Company has revised the total useful life of the Machine to 18 years on 1 January 2015. The accounting year-end is 31 December each year. Accumulated Depreciation by 31 December 2016 will be: Select one: a. $28,888.88 O b. None of these options O c. $40,000 O d. $50,000 O e. $30,000
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Related Book For
Intermediate Accounting
ISBN: 978-0071339476
Volume 1, 6th Edition
Authors: Beechy Thomas, Conrod Joan, Farrell Elizabeth, McLeod-Dick I
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