Question
The NBV of B's property, plant and equipment is $51,000 at 1 January 20X5 and $100,000 at 31 December 20X5. A motor vehicle costing $20,000
The NBV of B's property, plant and equipment is $51,000 at 1 January 20X5 and $100,000 at 31 December 20X5.
A motor vehicle costing $20,000 was purchased during the year and land was revalued by $43,000.
What is the depreciation expense for the year?
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Accounting An Essential Guide To Learning Accounting Quickly
Authors: Greg Shields
1st Edition
1978341873, 978-1978341876
