Omicron PLC has just bought an item of plant and equipment costing 3m. It is the policy of the company to use the straight line method to provide for depreciation. What will be the accumulated depreciation expense in respect of this asset at the end of year 2 if the life of the asset is 5 years?

Question 11 Incorrect Mark 0.00 out of 2.00 p Flag question Omicron PLC has just bought an item of plant and equipment costing 3m. It is the policy of the company to use the straight line method to provide for depreciation. What will be the accumulated depreciation expense in respect of this asset at the end of year 2 if the life of the asset is 5 years