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Molly Miller Acquired a Milling Machine for $10 000 on 31

Question 59

Multiple Choice

Molly Miller acquired a milling machine for $10 000 on 31 December 2014. Calculate depreciation for the year ended 31 December 2016 using the diminishing-balance method at 15% p.a. Assume a nil residual value.


A) $637
B) $750
C) $1275
D) $1500

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