Ross Ltd Bought a Machine for £120,000

question 9

Multiple Choice

Ross Ltd bought a machine for £120,000. It has an expected useful life of 5 years and a residual value of £10,000. Using straight-line depreciation, how much will the depreciation charge be for each year?

• A) £110,000
• B) £24,000
• C) £26,000
• D) £22,000

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Definitions:

Suicidal

Pertaining to having thoughts, ideations, or tendencies towards ending one’s own life.

Electroconvulsive Therapy

Electroconvulsive Therapy (ECT) is a medical treatment most commonly used for patients with severe major depression or bipolar disorder that have not responded to other treatments, involving brief electrical stimulation of the brain while the patient is under anesthesia.

Selective Serotonin Reuptake Inhibitors

Selective serotonin reuptake inhibitors, or SSRIs, are a class of medications commonly used to treat depression and anxiety by increasing serotonin levels in the brain.

Antipsychotics

Medications used to treat psychiatric conditions by helping manage symptoms like hallucinations, delusions, or severe agitation.