Kerri Limited Recognised an Impairment Loss on an Item of Plant

question 2

Multiple Choice

Kerri Limited recognised an impairment loss on an item of plant asset on the 30th June.The recoverable amount of the asset after the loss is $900 and the asset has an estimated useful life of 4 years.Accumulated depreciation was $250 at that date and the straight line depreciation method is used.The original cost of the asset was $2500.The future annual depreciation amount is:

• A)$625.
• B)$225.
• C)$163.
• D)$400.

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Definitions:

Protestant Reformation

A major movement in the 16th century that led to the division of Christianity into Catholicism and Protestantism, initiated by figures like Martin Luther.

Church of England

The primary state church in England, also known as Anglican Church, which was established in the 16th century by King Henry VIII.

European Exploration

The period, starting in the late 15th century, during which European countries explored the world's oceans and territories, leading to discoveries, the establishment of trade routes, and the colonization of various regions.

Atlantic

A vast ocean that lies between the Americas to the west and Europe and Africa to the east.