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Alex acquired a lorry on 1 May 2018 at a cost of 60,000. The lorry has an estimated useful life of four years, and an
Alex acquired a lorry on 1 May 2018 at a cost of 60,000. The lorry has an estimated useful life of four years, and an estimated resale value at the end of that time of 12,000. Alex charges depreciation on the straight line basis, with a proportionate charge in the year of acquisition What will the depreciation charge for the lorry be in Alex's accounting period to 30 September 2018? 10,000 6,000 5,000 4,000
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