Scot Ltd Uses a Composite-Rate Depreciation Rate of 8% P

question 53

Multiple Choice

Scot Ltd uses a composite-rate depreciation rate of 8% p.a. for its office equipment. The office equipment account had a balance of $15 000 at the beginning of the period and a balance of $28 000 at the end of the accounting period. The annual depreciation charge for the period is:

• A) $1 040
• B) $1 200
• C) $1 720
• D) $2 240

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Definitions:

Relearning

The process of learning material or information for a second time, typically more quickly than the original learning, due to some retention from the first learning experience.

Recognition

The identification of something as being seen, heard, or known previously.

Deuteronomy

The fifth book of the Jewish Torah and the Christian Old Testament, containing Moses’ speeches to the Israelites before they enter the Promised Land.

Retaining Information

The process of storing and maintaining knowledge over time in memory.