These are the extracted balances from the Statement of Financial Position as at 30 April 2017 of Mia Company:

		$
Plant and equipment		140,000
Less: Accumulated Depreciation		51,300
Net book value		88,700

During the year 30 April 2018, an equipment with an accumulated depreciation of $21,000 was sold for $11,000. The equipment had originally cost $42,000. A new equipment costing $33,000 was acquired on 1 July 2017. The company depreciates plant and equipment at 10% per annum on a reducing-balance basis. It is Mia Companys policy to charge a full-year depreciation in the year of purchase of an asset and none in the year of disposal. Which of the following are the correct journal entries to record the depreciation expense for the plant and equipment as at 30 April 2018?

Question 9 options:

1)

DR Depreciation Expense	$20,900
CR Accumulated Depreciation		$20,900

2)

DR Depreciation Expense	$16,880
CR Accumulated Depreciation		$16,880

3)

DR Depreciation Expense	$16,580
CR Accumulated Depreciation		$16,580

4)

DR Depreciation Expense	$10,070
CR Accumulated Depreciation		$10,070