Accounting · Depreciation and Changes in Useful Life
Fred bought a printing machine for his business on 1 April 20X5 for $18,000, depreciating it over ten years on a straight-line, pro-rata basis with zero residual value. The financial year-end is 31 December. On 31 December 20X8, Fred estimated that the total useful life from acquisition was reduced to six years. What is the depreciation charge for the year ended 31 December 20X9?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1$5,400
- 2$1,875
- 3$5,000✓
- 4$1,800
Correct answer
$5,000
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