Squires Ltd Purchased Equipment for $90 000 on 1 July

question 7

Multiple Choice

Squires Ltd purchased equipment for $90 000 on 1 July 2018. It had an estimated life of 200 000 units. The machine was depreciated using the units of production method. The financial period of Squires Ltd ends on 30 June. What was the depreciation expense for year ended 30 June 2019 if 26 000 units were produced in that year?

• A) $11 000
• B) $11 700
• C) $23 400
• D) $35 100

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