Question: QUESTION FIVE Sarponmaa Ltd owns a machine which originally cost GHS30,000 on 1 January 2012. It has no residual value. It was being depreciated over

QUESTION FIVE Sarponmaa Ltd owns a machine which originally cost GHS30,000 on 1 January 2012. It has no residual value. It was being depreciated over its useful life of 10 years on a straight- line basis. At the end of 2015, when preparing the financial statements for 2015, Sarponmaa Ltd decided to change the method of depreciation, from straight-line to the reducing balance method, using a rate of 25%. Required Calculate the depreciation charge for 2016

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