O-LevelAccountingAccounting procedures7707/11 · May/June 2012 · Q171 Mark

A machine cost $30 000. It had an estimated life of six years. Using the reducing (diminishing) balance method of depreciation at 30% the first year's depreciation was $9000. What was the balance on the provision for depreciation account at the end of the second year?

A$12 000

B$14 700

C$15 300

D$18 000

✓ Correct answer

C: $15 300

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Topic: Accounting procedures, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, May/June 2012 Paper 1 Variant 1, question 17.

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