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Mighty Models Acquired a Machine for $20 000 on 31

Question 14

Multiple Choice

Mighty Models acquired a machine for $20 000 on 31 December 2018. Calculate depreciation for the year ended 31 December 2020 using the diminishing-balance method at 12% p.a. Assume a nil residual value.


A) $1800
B) $2000
C) $2112
D) $2400

Correct Answer:

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