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:

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The Answer of 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 Machine Was Purchased on 3 January 2015 for $56