Solution-Calculate the depreciation expense at the end

Calculate the depreciation expense at the end

Reference no: EM133087644

Question - On January 1, your company purchased an item of plant for $407,000 ($370,000 + $37,000 GST). The useful life of the equipment is 10 years and there is no residual anticipated. They have decided to depreciate the plant using the Reducing Balance method using the rates of 50%. Calculate the depreciation expense at the end of the financial year, 30 June.

a. 37,000

b. 18,500

c. 185,000

d. 12,000

e. 92,500

Reference no: EM133087644

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Calculate the depreciation expense at the end

Reference no: EM133087644

Reference no: EM133087644

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