A property was purchased on 1 January 20X0 for $2m (estimateddepreciable amount $1m ?? useful economic life 50 years).Annual depreciation of $20,000 was charged from

A property was purchased on 1 January 20X0 for $2m (estimateddepreciable amount $1m â?? useful economic life 50 years).Annual depreciation of $20,000 was charged from 20X0 to 20X4inclusive and on 1 2 answers