QUESTION 22
Habib, a limited liability company, has the following building in its financial statements as at
31 December 2007:
Cost $4,500,000
Accumulated depreciation $(720,000)
–––––––––
Net book value $3,780,000
–––––––––
The building has been depreciated at 2% per annum. On the 1 January 2008 the building
was re-valued to $6,300,000.
What would be the charge for depreciation on the building that would appear in the income
statement for the year ended 31 December 2008?
Habib, a limited liability company, has the following building in its financial statements as at
31 December 2007:
Cost $4,500,000
Accumulated depreciation $(720,000)
–––––––––
Net book value $3,780,000
–––––––––
The building has been depreciated at 2% per annum. On the 1 January 2008 the building
was re-valued to $6,300,000.
What would be the charge for depreciation on the building that would appear in the income
statement for the year ended 31 December 2008?