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What is the depreciation charge for the year

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Reference no: EM132494459

The table shows information relating to a company's fixed assets.

cost at 1 January 2002 10 500

accumulated depreciation at 1 January 2002 4 900

purchases for the year ended 31 December 2002 2 500

disposals for the year ended 31 December 2002 700

  • Depreciation is 25% per annum on the reducing balance basis.

Question 1: What is the depreciation charge for the year?

A. $1850

B. $2025

C.$2200

D. $3250

Reference no: EM132494459

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