Solution-Find the amount of depreciation expense charged

Find the amount of depreciation expense charged for the year

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Reference no: EM132654741

Problem 1: On 31 December 2017, a new machine with a useful life of 6 years and an estimated residual value of zero was purchased by a business at a cost of $30,000. The amount of depreciation expense charged for the year ended 31 December 2019, using the reducing-balance method at a rate of 30% per annum, is:

a) $6,300
b) $5,000
c) $9,000
d) $1,800.

Reference no: EM132654741

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Find the amount of depreciation expense charged for the year

Reference no: EM132654741

Reference no: EM132654741

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