Assessment Final Assessment of MGT 2303 - Group A Question 32 Not yet answered Wuhan PLC acquired an asset on 1 January 2017 at a cost of Rs. 500,000, and commenced depreciation immediately on straight line basis. The asset was estimated to have no residual value and a useful life of 30 years. After two years, it became apparent that the pattern of consumption of benefits was such that the reducing balance method of depreciation would be more appropriate using a rate of 25%. Calculate the depreciation charge in each of the financial years ended 31 March 2017, 2018, 2019 and 2020 including relevant ledger accounts. Marked out of 1000 P Flag question B 1