Question
On 1 January 2015: A Company has a Machine which cost $100,000. Accumulated Depreciation to date on the Machine is $20,000. Residual Value is
On 1 January 2015: A Company has a Machine which cost $100,000. Accumulated Depreciation to date on the Machine is $20,000. Residual Value is Zero.The total useful life of the Machine is 10 years and there are 8 years of useful life remaining.The Company uses straight line depreciation. The Company has revised the total useful life of the Machine to 18 years on 1 January 2015. The accounting year-end is 31 December each year. Depreciation expense for 2015 will be: Select one: O a. $5,000 O b. $10,000 O c. Zero O d. $4,444.44 e. None of these options
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Intermediate Accounting
Authors: Beechy Thomas, Conrod Joan, Farrell Elizabeth, McLeod Dick I
Volume 1, 6th Edition
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