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On 1 July 2021, Barkly Ltd purchased a machine with a list price of $150,000. Freight costs of $5,000 and installation costs of $2,500 were

On 1 July 2021, Barkly Ltd purchased a machine with a list price of $150,000. Freight costs of $5,000 and installation costs of $2,500 were also paid in cash. The machine has a useful life of 4 years and a residual value at the end of its useful life of $25,000.

Under the straight-line method, depreciation expense for the year ending 30 June 2022 will be:

Select one:

$44 444

$31 250

$32 500

$33 125

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