Q9. Lydia Ltd purchased a piece of plant costing 150,000, having an estimated useful life of twenty years and residual value of 2,000. After being used for 10 years the remaining useful life of the machinery is revised and estimated to be thirty years, with an unchanged residual value. What is the annual depreciation charge on the machinery in year 11?

A. 7.500

B. 7.400

C. 2.476

D. 4.933

Q10.

Lydia Ltd purchased a piece of plant costing 150,000, having an estimated useful life of twenty years and residual value of 2,000. After being used for 10 years the remaining useful life of the machinery is revised and estimated to be thirty years, with an unchanged residual value.

What is the carrying amount of the plant in year 11?

A.74000

B.76.000

C.71.000

D.70.000