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Assume that an asset was bought at a cost of $50 000. It is expected that the asset will have a useful life of 10
Assume that an asset was bought at a cost of $50 000. It is expected that the asset will have a useful life of 10 years with the straight-line depreciation method being used. At the beginning of year 5 the total useful life is re-estimated downward to 8 years. Under AASB 116 on Property,Plant&Equipment,theannual depreciation expense for the final years of useful life is:
$4500
$5000
$7500
$3000
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