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A Machine Was Purchased on 3 January 2012 for $48

Question 34

Multiple Choice

A machine was purchased on 3 January 2012 for $48 000,net of GST.The machine had an estimated residual value of $6000 and an estimated useful life of 5 years.Depreciation expense for the year ended 31 December 2012,using sum-of-the-years'-digits method,is:


A) $8400
B) $14 000
C) $19 200
D) $16 000

Correct Answer:

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