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Compute the depreciation amount for this period

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Question - ABC Ltd. purchased a machine for $5,500. The accumulated depreciation up to the current period for this machine is $2,500 and the rate of depreciation is 20%. Assume ABC Ltd. applies the reducing balance method, compute the depreciation amount for this period?

a. $500

b. $2,500

c. $1,100

d. $600

Reference no: EM132619480

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