Solved

Kerri Limited Recognised an Impairment Loss on an Item of Plant

Question 2

Multiple Choice

Kerri Limited recognised an impairment loss on an item of plant asset on the 30th June.The recoverable amount of the asset after the loss is $900 and the asset has an estimated useful life of 4 years.Accumulated depreciation was $250 at that date and the straight line depreciation method is used.The original cost of the asset was $2500.The future annual depreciation amount is:


A) $625.
B) $225.
C) $163.
D) $400.

Correct Answer:

verifed

Verified

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents