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Can some one help me on how to wake out depreciation charge for the year below using the rate of 121/2% on a reducing balance basis.
The cost of plant is $181,000 and with accumulated depreciation of $85,000
Hi, yes, it’s 12.5% x (181,000 – 85,000 )
That’s 12.5% x 96,000 = 12,000
Hi Tutor I figured where the confusion was coming from I agree its 12.5 but I this there was a typo in the book because it read 121/2% when it should have been 12 1/2% for one to see the half unlike seeing the 121
Hi, sorry, I should have remembered that there was a typo in the BPP material.
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