Question

H Ltd. purchased machinery on Jan 01, 2000 for $300,000. It is estimated that the machinery will have a useful life of 5 years after which it will have no salvage value. If the company follows sum-of-the years’ – digits method of depreciation, the amount of depreciation charged during the year 2004 was

Answer 1

. If the company follows sum-of-the years’ – digits method of depreciation, the amount of depreciation charged during the year 2004

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