Question
A printer was purchased for $8,000 on 1 July 2019. Useful life was estimated as 3 years and residual value as $2,000. (Assume financial year
A printer was purchased for $8,000 on 1 July 2019. Useful life was estimated as 3 years and residual value as $2,000. (Assume financial year 1 July 30 June).
What is the accumulated depreciation (using the straight line method) on 30 June 2021?
| a. | $6,000 | |
| b. | $4,000 | |
| c. | $2,000 | |
| d. | None of the options are correct | |
| e. | $5,000 |
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The Lakeside Company Case Studies In Auditing
Authors: John Trussel, J. Douglas Frazer
12th Edition
0132567253, 978-0132567251
