A machine which cost RO 20,000 is acquired on 2006. Its estimated salvage value is RO 2000 and its expected life is eight years. The depreciation for the second year according to Sum of the Years Digit Method of Depreciation is, O a. RO 3000 O b. RO 10500 O. RO 7500 O d. RO 3500

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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A machine which cost RO 20,000 is acquired on
2006. Its estimated salvage value is RO 2000 and
its expected life is eight years. The depreciation
for the second year according to Sum of the
Years Digit Method of Depreciation is,
O a. RO 3000
O b. RO 10500
O c. RO 7500
O d. RO 3500
Transcribed Image Text:A machine which cost RO 20,000 is acquired on 2006. Its estimated salvage value is RO 2000 and its expected life is eight years. The depreciation for the second year according to Sum of the Years Digit Method of Depreciation is, O a. RO 3000 O b. RO 10500 O c. RO 7500 O d. RO 3500
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