Gce Model Questions Vol1 2024 Financial Accounting Question 47
Practice objective / multiple choice question 47 from the 2024 Gce Model Questions Vol1 Financial Accounting examination.
A machine was purchased for \(120{,}000\) with an estimated residual value of \(12{,}000\) and a useful life of 8 years. The company depreciated the machine on a straight‑line basis for the first three years. From the start of year 4 the depreciation method was changed to the reducing‑balance method at a rate of 25 % per annum, and the residual value was revised to \(8{,}000\). What depreciation charge should be recorded for year 5?
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This is Gce Model Questions Vol1 2024 Financial Accounting Question 47. It is one of the objective questions from the 2024 Gce Model Questions Vol1 Financial Accounting examination.
Difficulty level: Medium .
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