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Mumz [18]
3 years ago
7

HELP I WILL MARK THE BRAINLIEST

Advanced Placement (AP)
1 answer:
natka813 [3]3 years ago
7 0
Imma go with b it seems correct
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Lomani Ltd acquired two new machines for cash on 1 January 2017. The cost of
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Answer:

The depreciation expense will be

Machine A : $38,000

Machine B : $55,000

Explanation:

Straight line depreciation recognize an assets carrying amount evenly over its useful life.

Straight line Depreciation = (Cost - Estimated Residual Value) / useful life

Depreciation expense for Machine A:

($400,000 - $20,000) / 10 years

= $38,000

Depreciation expense for Machine B:

($600,000 - $50,000) / 10 years

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trapecia [35]

Answer:

The correct answer is D.

Explanation:

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