Question
Garvey Ltd purchased a machine for $500,000 on 30 June 2020. The machinery is depreciated on a straight-line basis over a useful life of 10
Garvey Ltd purchased a machine for $500,000 on 30 June 2020. The machinery is depreciated on a straight-line basis over a useful life of 10 years. On 30/06/2023, the machine is revalued to $400,000. What is the annual depreciation value after the revaluation? 57143 64286 45000 50000
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Financial Accounting Theory
Authors: Craig Deegan
2nd Edition
0077126734, 978-0077126735
