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Derby bought a factory on 1 January 20X3 for $180,000. It is depreciated monthly on a straight line basis over 50 years. On 1 July 20X6 the factory was revalued to $223,000.
What should the depreciation charge be for the ended 31 December 20X6?
A $4,200
B $4,226
C $4,464
D $4,800
Sir, correct answer is B but my answer is $4172..which one is correct? Thanks in advanceSorry sir, Alternative A is correct i understood 🙂 i used 47 years for revised useful life instead of 46.5 years 🙂
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