Question: please find attached question Fixed Assets & Depreciation At 31 July 20X6, Helios International had non current assets which had cost $31doco At the same

please find attached question

please find attached question Fixed Assets & Depreciation At 31 July 20X6,

Fixed Assets & Depreciation At 31 July 20X6, Helios International had non current assets which had cost $31doco At the same date, the accumulated depreciation on the assets was $120,000. The company had not disposed of any non current assets during the year to 31 July 20X7, but acquired an asset a" a cost of $79,200 on 1 January 20X7. Helios International depreciates non-current assets at a rate of 23%% per ancurt What is the company's depreciation charge for the year to 31 July 20X7 using, a. The straight line method b. The reducing balance method Assume that depreciation is charged from the first year of acquisition

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