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What is the carrying amount of the machine

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Question - All fun Karaoke owns a karaoke machine that cost N$50,000. When they bought it at the beginning of July 2016, residual value at the end of its useful life was anticipated to be at N$5,000.

At the end of their financial year on June 30th 2018, accumulated depreciation on the machine was at N$ 21,960. Using the diminishing balance method and a depreciation rate of 20%, what is the carrying amount of the machine at the end June 2019 financial year?

Reference no: EM132573338

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