Question
A company acquired machinery at 1 Jan X5 at a cost of 30,000. The machinery had an expected useful life of 10 years and a
A company acquired machinery at 1 Jan X5 at a cost of 30,000. The machinery had an expected useful life of 10 years and a residual value of 2,000.
On 1 Jan X8, the remaining useful life of the machinery was reviewed and estmated at 5 years, the expected residual value was still 2,000. What should the depreciation expense in respect of this machinery for the year ending 31 Dec X8?
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Management Information Systems Managing the Digital Firm
Authors: Kenneth C. Laudon, Jane P. Laudon
15th edition
134639715, 978-0134639710
