Multiple Choice
On 31 December 2016, a new machine with a useful life of 6 years and an estimated residual value of zero was purchased by a business at a cost of $36,000. The amount of depreciation expense charged for the year ended 31 December 2018, using the reducing-balance method at a rate of 30% per annum, is:
A) $6,300.
B) $7,560.
C) $9,820.
D) $1,800.
Correct Answer:
Verified
Correct Answer:
Verified
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