A-LevelAccountingAccounting for non-current assets9706/12 · May/June 2016 · Q21 Mark
A company's financial year ends on 31 December. On 1 April 2015, the following payments relating to a new machine were made. purchase cost $50000 installation $10000 Machinery is depreciated at 20% on cost per annum, calculated from the date of purchase. What was the depreciation of the new machine for the year ended 31 December 2015?
A$7500
B$9000
C$10000
D$12000
✓ Correct answer
B: $9000
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