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On 1 January 2020 Panorama Ltd acquired equipment for $22 000, net of GST. The estimated residual value for the equipment is zero. Depreciation is
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On 1 January 2020 Panorama Ltd acquired equipment for $22 000, net of GST. The estimated residual value for the equipment is zero. Depreciation is calculated at 10% p.a. on the diminishing-balance basis.
The depreciation expense for the year ended 31 December 2022 is:
a. $1 604.
b. $1 782.
c. $1 980.
d. $2 200.
e. none of the above.
On 1 January 2020 Panorama Ltd acquired equipment for $22 000, net of GST. The estimated residual value for the equipment is zero. Depreciation is calculated at 10% p.a. on the diminishing-balance basis.
The depreciation expense for the year ended 31 December 2022 is:
| a. | $1 604. | |
| b. | $1 782. | |
| c. | $1 980. | |
| d. | $2 200. | |
| e. | none of the above. |
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