Question
On July 1 you purchased a new photocopier for the office at a cost of $6,600 ($6,000 + $600 GST). You have decided to depreciate
On July 1 you purchased a new photocopier for the office at a cost of $6,600 ($6,000 + $600 GST). You have decided to depreciate this equipment using the diminishing value method, at a rate of 20% per annum. Your year end date is June 30. Your depreciation at the end of the second year would be:
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Accounting Information Systems
Authors: Vernon Richardson, Chengyee Chang, Rod Smith
2nd edition
1260153156, 1260153150, 978-1260153156
