Question
Wilson Limited applied the straight-line method of depreciation to its non-current assets. The cost of the buildings was $640000, the depreciable amount is $560000, the
Wilson Limited applied the straight-line method of depreciation to its non-current assets. The cost of the buildings was $640000, the depreciable amount is $560000, the residual value is $80 000 and the useful life is 8 years. The annual depreciation charge is:
elect one:
a. $80,000
b. $75,000
c. $70,000
d. $60,000
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Principles of Financial Accounting chapters 1-17
Authors: John Wild, Ken Shaw, Barbara Chiappetta
23rd edition
1259687740, 1259687747, 978-1259687747
