The following information is taken from the accounts of Equipment Ltd. What was the depreciation expense for
Question:
The following information is taken from the accounts of Equipment Ltd.
What was the depreciation expense for equipment for the year?
Transcribed Image Text:
$000 Equipment, 1 July 2015 2.500 Equipment, 30 June 2016 3900 Accumulated depreciation-equipment, 1 July 2015 600 Accumulated depreciation - equipment, 30 June 2016 400 Equipment sold during the year cost price 900 accumulated depreciation 250 - proceeds 700
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Related Book For
Financial Accounting An Integrated Approach
ISBN: 9780170349680
6th Edition
Authors: Ken Trotman, Michael Gibbins, Elizabeth Carson
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