Assume XXX uses straight$-$line depreciation and has a fiscal year ending on September $30$th$.$ The plant runs continuously. The depreciation charge recorded for the fiscal year ending September $30,2024$ on the plant acquired from CXX will be:CXX acquired a Plant north of City from CXX Facts of the

purchase below. Note: the value of land does not include the value of any materials that might be used in

production $($i$.$e$.$ aggregate, sand, etc.$),$ it reflects only the "surface rights" available to any other owner.

Close date

$\frac{6}{30}\frac{?}{2023}$

Depreciation assumptions:

Useful life $,6$ years

Salvage value $,10\%$ of cost

Assume ERM uses straight$-$line depreciation and has a fiscal year ending on September $30$th$.$ The plant

runs continuously. The depreciation charge recorded for the fiscal year ending September $30,2024$ on the

plant acquired from Cemex will be: