Multiple Choice
A machine was purchased on 3 January 2015 for $56 000, net of GST. The machine had an estimated residual value of $14 000 and an estimated useful life of 5 years. Depreciation expense for the year ended 31 December 2015, using sum-of-the-years'- digits method, is:
A) $16 000.
B) $19 200.
C) $14 000.
D) $8400.
Correct Answer:
Verified
Correct Answer:
Verified
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