How would depreciation be calculated under ifrs, Accounting Basics

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How would depreciation be calculated under ifrs

Question: Doyon Corporation purchased factory equipment that cost $50,000. It plans to keep the equipment for 10 years and sell it for $30,000. The asset is expected to have a total life of 12 years and then be sold for scrap for $4K. How would depreciation be calculated under IFRS? Question Select one: a. $2,000 b. $1,667 c. $4,000 d. $4,800

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Accounting Basics: How would depreciation be calculated under ifrs

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