A Non-Current Property, Plant and Equipment Asset Is Depreciated Using

question 41

Multiple Choice

A non-current property, plant and equipment asset is depreciated using the straight-line method over a 10-year useful life. The asset was revalued upwards after four years of use. There is no change in the remaining useful life of six years or to the residual value. Which of the following relationships reflects the effect of the revaluation on the future depreciation of the asset? Depreciation Rate   Annual depreciation expense

• A) Same                     Higher
• B) Same                     Same
• C) Higher                   Higher
• D) Higher                   Same

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