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show calculation and which one is correct? Specialist manufacturing equipment is purchased at a cost of 30,000. The equipment is estimated to have a useful
show calculation and which one is correct?
Specialist manufacturing equipment is purchased at a cost of 30,000. The equipment is estimated to have a useful life of 6 years and a scrap value at the end of that time of 6,000. Depreciation is charged using the straight line method. At the end of Year 3, the scrap value is revised to 3,000. The depreciation charge in Year 4 is: O 6.000 O 4,000 2 2,500 O 5.000Step by Step Solution
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