Question
On 1 April 20X0 Kyle Ltd. showed non-current assets that had cost 312,000 with accumulated depreciation of 66,000. During the year end 31 March 20X1,
On 1 April 20X0 Kyle Ltd. showed non-current assets that had cost 312,000 with accumulated depreciation of 66,000. During the year end 31 March 20X1, Kyle Ltd. disposed one of the non-current assets which had originally cost 28,000 and a carrying amount of 11,200. Kyle Ltd. charges deprecation of 40% on the reducing balance basis, with no depreciation in the year of disposal of an asset. How much is the depreciation charge to the statement of profit or loss for the year ended 31 March 20X1 for Kyle Ltd.?
A 87,200
B 91,680
C 93,920
D 113,600
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Cost Accounting A Managerial Emphasis
Authors: Horngren, Srikant Datar, George Foster, Madhav Rajan, Christ
6th Canadian edition
978-0133392883
