A-LevelAccountingAccounting for non-current assets9706/12 · May/June 2015 · Q61 Mark
A business depreciates its non-current assets at 20% using the straight-line method. Depreciation is calculated on a time basis in the year of acquisition and disposal. $ non-current assets, at cost, 31 December 2013 200 000 purchase of machinery 1 January 2014 50000 disposal of machinery 30 September 2014 40000 non-current assets, at cost, 31 December 2014 210000 What is the depreciation charge for non-current assets for the year ended 31 December 2014?
A$42000
B$48000
C$50000
D$52000
✓ Correct answer
B: $48000
Practise more questions on this topic
Oracle Prep sorts past-paper questions by topic, so you can drill Accounting for non-current assets and see which topics are most likely to come up next.
Sign up free →