Flowers Plc. owns a building that was acquired for 120, 000 on 1st July 2019. The...
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Flowers Plc. owns a building that was acquired for £120, 000 on 1st July 2019. The year-end is on 31st December. The estimated useful life of the building is 10 years with an estimated residual value of £ 26, 200. Which will be the total accumulated depreciation for the building on 31st December 2021 using the straight-line method? O a. £28, 140. O b. £18,760. O c. £23,450. O d. None of the answers is true. Flowers Plc. owns a building that was acquired for £120, 000 on 1st July 2019. The year-end is on 31st December. The estimated useful life of the building is 10 years with an estimated residual value of £ 26, 200. Which will be the total accumulated depreciation for the building on 31st December 2021 using the straight-line method? O a. £28, 140. O b. £18,760. O c. £23,450. O d. None of the answers is true.
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Answer rating: 100% (QA)
ANSWER D None of the answers is true The straightline basis is a method of calculating depreciation ... View the full answer
Related Book For
Intermediate Accounting 2014 FASB Update
ISBN: 978-1118147290
15th edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
Posted Date:
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