Burger Boy Ltd purchased kitchen equipment on 1 January,the start of Year 1.
Cost (net of GST) $26 000
Residual $4000
Estimated Useful Life 5 years
Under the straight-line method depreciation expense for year 3 will be:
A) $4400.
B) $5200.
C) $7333.
D) $8667.
Correct Answer:
Verified
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