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Kangaroo Limited applies the straight-line method of depreciation to its non-current assets. The cost of the buildings was $400000, the depreciable amount is $350000, the
Kangaroo Limited applies the straight-line method of depreciation to its non-current assets. The cost of the buildings was $400000, the depreciable amount is $350000, the residual value is $50 000 and the useful life is 5 years. The annual depreciation charge is: Question 3 Answer a. $70000. b. $80000. c. $150 000. d. $40000
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Intermediate Accounting
Authors: James D. Stice, Earl K. Stice, Fred Skousen
17th Edition
032459237X, 978-0324592375
