A-LevelAccountingAccounting for non-current assets9706/12 · Feb/Mar 2019 · Q41 Mark
A business provides the following information. $ cheque paid in 2018 for equipment bought in 2017 15000 equipment purchased on credit in 2018 42000 net book value of equipment at 1 January 2018 83000 net book value of equipment at 31 December 2018 67000 What was the depreciation charge in the income statement for the year ended 31 December 2018?
A$16000
B$31000
C$43000
D$58000
✓ Correct answer
D: $58000
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