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Teaching Accountancy Accounting for Specific Business and Transactions Question Bank MCQ - Accounting for Specific Business and Transactions

  • question_answer
        
    Cost of a machine = ` 500000
    Salvage value = ` 20000
    Useful life = 5 years
    Depreciation for the last year using the sum of digits method will be

    A)  ` 32000                                   

    B)  ` 20400

    C)  ` 34000                                   

    D)  ` 27200

    Correct Answer: A

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