Question
John & Co. purchased an equipment for $54,000 on 1 July 2020. Its Residual Value is $4,000 and Estimated Useful Life is 5 years. John
John & Co. purchased an equipment for $54,000 on 1 July 2020. Its Residual Value is $4,000 and Estimated Useful Life is 5 years. John & Co. uses straight line method of depreciation. What is the accumulated depreciation as at 31 December 2023 ? John & Co. uses a calendar year for accounting purposes.
$33,000
$35,000
$30,000
Cannot answer
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Auditing Social Media A Governance And Risk Guide
Authors: Peter R. Scott, J. Mike Jacka
1st Edition
1118061756, 978-1118061756
