The plant account of a company is shown below:
Plant – Cost
2002 $ 2002 $
1 January Balance (plant purchased 1999) 380,000 1 October Transfer disposal
1 April Cash – plant purchased 51,000 account – cost of plant sold 30,000
31 December Balance 401,000
———— ————
431,000 431,000
———— ————
The company’s policy is to charge depreciation on plant at 20% per year on the straight line basis, with proportionate
depreciation in years of purchase and sale.
What should the company’s plant depreciation charge be for the year ended 31 December 2002?
A $82,150
B $79,150
C $77,050
D $74,050 A (350,000 + 9/12 x 30,000 + 9/12 x 51,000) x 20% = 82,150 | 
发表于 2008-4-18 15:59
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