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What is the amount of the depreciation expense that be recorded for the year ended year four ?

A corporate purchased a machine for six thousand dollars on january1 ,year1 , for estimated useful life six years with no salvage value . The machine was been depreciated on a straight-line basis . On january1, year four the corporate determined that the machine had an estimated life of eight years from the date of acquisition . An accounting change was made was made in year four .

1) seventy five thousand $ .

2) zero .

3) sixty thousand $ .

4) one hundred thousand $.

 

source cpa ex.

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Question ajoutée par Moataz Elsabawy , مدير مالى , مجموعه شركات الانصار
Date de publication: 2017/04/14
Utilisateur supprimé
par Utilisateur supprimé

2. 0..............................................................................................zero

حسام الدين  الحداد
par حسام الدين الحداد , صانع محتوى , عشاق الخليج

2) zero    Yes Option 2 is the correct answer

 

   

Syed Saim Ali,    ACCA
par Syed Saim Ali, ACCA , Senior Internal Auditor , Nesma Trading Company Limited, KSA

i guess your question has some problem. Kindly review your question again specially values 

Jairaj Krishnan
par Jairaj Krishnan , Accounts Manager & Safety Consultant , Red Sea Consultancy

Straight line depreciation PA 1,000 for asset life 6 years

                                     PA    750 for revised asset life 8 years

In 3 years 3000 already depreciated so on 4 th year no need for No depreciation charged to PL so ANSWER IS 0

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