O-LevelAccountingAccounting procedures7707/11 · May/June 2017 · Q301 Mark
Joyce depreciates her non-current assets using the straight-line method of depreciation, but she writes off any office equipment costing under $200 in the year of purchase. On 1 January 2016 she bought a printer, cost $120, which she expected to use for 3 years. The book value of her office equipment on 31 December 2016 was $24610. What would be the book value of her office equipment on 31 December 2016 if Joyce wrote off only office equipment costing under $100?
A$24490
B$24 530
C$24690
D$24730
✓ Correct answer
C: $24690
Practise more questions on this topic
Oracle Prep sorts past-paper questions by topic, so you can drill Accounting procedures and see which topics are most likely to come up next.
Sign up free →