Mathematics · Financial Accounting
Auckland Co. purchased a machine for $60,000 on 1 January 20X7 and determined that it had a useful life of 15 years with nil residual value. On 31 March 20X9, it was revalued to $64,000 with no change in total useful life. What will be the depreciation charge in relation to this machine in the financial statements of Auckland Co. for the year ending 31 December 20X9? (Round off your answer to the nearest whole dollar.)
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1$4,267
- 2$5,120
- 3$4,900✓
- 4$4,000
Correct answer
$4,900
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