Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

QUESTION 24 Not yet answered Marked out of 1.00 P Flag question A factory machine was purchased for R0.90,000 on January 1, 2011. It was

image text in transcribed
QUESTION 24 Not yet answered Marked out of 1.00 P Flag question A factory machine was purchased for R0.90,000 on January 1, 2011. It was estimated that it would have a R0.000 residual value at the end of its 5 year useful life. It was also estimated that the machine would be run 40,000 hours in the 5 years. The company ran the machine for 4,000 actual hours in 2011. If the company uses the units-of-activity method of depreciation, the amount of depreciation expense for 2011 would be Select one: O a R.0.18.000 Ob R0.7.200 C.R.O.14.400 d. R0.9.000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions

Question

10. Describe the relationship between communication and power.

Answered: 1 week ago