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QUESTION 2 2 points Save Answer DBR plc purchased machinery for 250,000 on 1 January 2014. At acquisition the expected useful economic life was 10
QUESTION 2 2 points Save Answer DBR plc purchased machinery for 250,000 on 1 January 2014. At acquisition the expected useful economic life was 10 years with a residual value of 30,000. On 31 December 2020, the machinery was revalued to 175,000. The useful economic life was thought to have been correct and the residual value was revised to 40,000. What is the revaluation surplus and depreciation charged for the year ended 31 December 2020? A. 105,000 and 58,333 B.79,000 and 45,000 C. 65,000 and 34,000 OD.50,000 and 25,000
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