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What would be the depreciation expense on april

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Reference no: EM132778487

Problem 1: A company acquired an equipment on April, 1, 20X1, for an amount of 400.000€. The initial estimated useful life was 8 years with a residual value of 20.000€. At the beginning of year 20X5, management review its estimates, shortening the total useful life to 6 years and reducing the scrap value to 18.250€. The company applies the straight-line method of depreciation. What would be the depreciation expense in 20X5?

Select one:

a. 47,500
b. 106,875
c. 0
d. 48,450
e. 90,500

Reference no: EM132778487

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