Alisa Trading owns machinery that costs MYR 80,000. It is the policy of the business to charge depreciation over its useful life of 5 years. At the end of its useful life, it is estimated that its residual value is MYR 4,000. What is the depreciation charge during the year?   Select one: a. MYR 15,000 b. MYR 16,000 c. MYR 15,200 d. MYR 1,266.67

Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter11: Depreciation, Depletion, Impairment, And Disposal
Section: Chapter Questions
Problem 4RE: Utica Machinery Company purchases an asset for 1,200,000. After the machine has been used for 25,000...
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Alisa Trading owns machinery that costs MYR 80,000. It is the policy of the business to charge depreciation over its useful life of 5 years. At the end of its useful life, it is estimated that its residual value is MYR 4,000. What is the depreciation charge during the year?


 

Select one:
a. MYR 15,000
b. MYR 16,000
c. MYR 15,200
d. MYR 1,266.67
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