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Anna Judd of Blue Chip Limited, an Australian corporation is computing the dopreciation exponse of a manufacturing plant for the fiscal year onded 31 March
Anna Judd of Blue Chip Limited, an Australian corporation is computing the dopreciation exponse of a manufacturing plant for the fiscal year onded 31 March 2014. The plant was acquired on 1 April 2013. Judd gathers the following information in Australian dollars AUD) Plant cost AUD 2.500.000 Estimated rosidual value AUD 250,000 Expected useful le 10 years The amount of depreciation expense reported on Blue Chip's income statement related to the manufacturing plant based on straight-line method is closest to Select one: A AUD 225,000 . BAUD 200.000 C. AUD 500.000 D. AUD 250.000
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