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On 1 January 2014 Image Plus Ltd Acquired Electronic Equipment

Question 38

Multiple Choice

On 1 January 2014 Image Plus Ltd acquired electronic equipment for $18 000, net of GST. It is estimated it will have no residual value. If depreciation is provided at 10% p.a. on the diminishing-balance basis, the depreciation charge for the year ended 31 December 2016 is:


A) $1312.
B) $1458.
C) $2700.
D) $3000.

Correct Answer:

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