Question
All fun Karaoke owns a karaoke machine that cost N$50,000. When they bought it at the beginning of July 2016, residual value at the end
All fun Karaoke owns a karaoke machine that cost N$50,000. When they bought it at the beginning of July 2016, residual value at the end of its useful life was anticipated to be at N$5,000. Using the diminishing balance method and a depreciation rate of 20%, what is the carrying amount of the machine at the end June of 2020 financial year?
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Marketing The Core
Authors: Roger A. Kerin, Steven W. Hartley, William Rudelius
5th edition
9780077517083, 78028922, 77517083, 978-0078028922
