On 31 December 2016, a New Machine with a Useful

question 42

Multiple Choice

On 31 December 2016, a new machine with a useful life of 6 years and an estimated residual value of zero was purchased by a business at a cost of $36,000. The amount of depreciation expense charged for the year ended 31 December 2018, using the reducing-balance method at a rate of 30% per annum, is:

• A)$6,300.
• B)$7,560.
• C)$9,820.
• D)$1,800.

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Definitions:

Psychotherapy

A form of treatment for mental health issues using psychological methods, typically involving verbal communication.

Psychiatrists

Medical doctors specialized in diagnosing, treating, and preventing mental illnesses, often with the ability to prescribe medication.

Contemporary

Pertaining to the same period or the current age; modern or current.

Mental Hospitals

Healthcare facilities specializing in the treatment and care of individuals with psychiatric disorders and mental health issues.