Multiple Choice
Use the information below to answer the following questions.
Alby Ltd purchased a machine for $32,000 on 1 January 2010. The machine was expected to have a useful life of 4 years. The financial year ends on 31 December. The straight-line method of depreciation is employed.
-What was the balance of the accumulated depreciation account at 31 December 2011?
A) $24 000
B) $27 750
C) $31 500
D) $16 000.
Correct Answer:
Verified
Correct Answer:
Verified
Q10: When a company discards machinery that is
Q19: Equipment with a cost of $15 000
Q44: Use the information below to answer the
Q45: Where there is an asset revaluation decrement
Q47: Which method can result in annual depreciation
Q48: Which of the following assets can be
Q50: Which piece of information is NOT necessary
Q52: Use the information below to answer the
Q53: Use the information below to answer the
Q54: Which of the following would NOT be