Bursaries and Graduate Program es Accumulated depreciation should be shown on the Statement of financial position 3 3 Fin Tir of Select one: O a as a deduction from the cost of corresponding fixed assets O b. as a deduction from current assets O cas a current liability O d. as part of owner's equity ston A machine acquired for R180 000 on 1st January 2008 is expected to have an economic life of five years and a residual value of R30 000. The machine is depreciated using the sum of the year's digits method. The depreciation for the year ended 31 December 2011 would be of Select one: bon O a. R10 000 Ob. 20 000 O c. R30 000 O d. R24 000 profit is the difference between sales revenue and cost of sales. Select one: a. Gross on O b. Profit for the year O c Operating O d. Net