Business, 19.10.2021 01:50 robert7248
5 On 1 January 2016 a company had plant and equipment with a cost of $150,000 and accumulated depreciation thereon of $60,000. During the year ended 31 December 2016 the cost of plant additions was $30,000 and plant was disposed of with a cost of $20,000 for $18,000. This plant was bought on 30 September 2014.
The depreciation policy is to make an allowance of 25% per annum on the reducing balance with a full charge in the year of acquisition and none in the year of disposal.
What is the depreciation charge for the year ended 31 December 2016?
A. $27,188
B. $27,500
C. $27,891
D. $28,750
Answers: 1
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5 On 1 January 2016 a company had plant and equipment with a cost of $150,000 and accumulated deprec...
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