Bill buys new shelving for his warehouse on 1 May 20X4 at a total cost of £23 000.He plans to depreciate this cost on the straight-line basis over 10 years, after which it will have no value.He charges depreciation for each full month of ownership.What is the carrying amount of the shelving at 31 December 20X8 (to the nearest £) ?
A) £10 733
B) £12 267
C) £11 500
D) £13 033
Correct Answer:
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