Multiple Choice
Follies Ltd uses composite-rate depreciation rate at 12.5% p.a.for its office equipment.The Office Equipment account had a $16 000 balance of the beginning of the period and a $24 000 balance at the end of the accounting period.The annual charge for depreciation is:
A) $2000
B) $2500
C) $3000
D) $5000
Correct Answer:
Verified
Correct Answer:
Verified
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