Multiple Choice
Scot Ltd uses a composite-rate depreciation rate of 8% p.a. for its office equipment. The office equipment account had a balance of $15 000 at the beginning of the period and a balance of $28 000 at the end of the accounting period. The annual depreciation charge for the period is:
A) $1 040
B) $1 200
C) $1 720
D) $2 240
Correct Answer:
Verified
Correct Answer:
Verified
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