Solution-What the Depreciation Expense for December

What the Depreciation Expense for December

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Question - -Exel purchased equipment for $100,000 on January 1st, 2020. The equipment will last for 4 years with no salvage value and will be depreciated straight line. On January 1st, 2022, Exel determined the equipment should be revalued +5%, according to IFRS. What the Depreciation Expense for December 31st, 2022?

a. $26,250.

b. $12,000.

c. $18,000.

d. $22,000.

Reference no: EM132939748

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What the Depreciation Expense for December

Reference no: EM132939748

Reference no: EM132939748

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