Answered: Which of the following amount…

Business

Accounting

Which of the following amount represents the depreciation expense for the new cash register purchased on 1 April?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

A new cash register was purchased on 1 April 200X for R5000 cash. This transaction has not yet been recorded in the accounting records.

Which of the following amount represents the depreciation expense for the new cash register purchased on 1 April?

A. R125
B. R167
C. R250
D. None of the above

Definition Video Definition Accounting method wherein the cost of a tangible asset is spread over the asset's useful life. Depreciation usually denotes how much of the asset's value has been used up and is usually considered an operating expense. Depreciation occurs through normal wear and tear, obsolescence, accidents, etc. Video

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