Solved: Xyz ltd bought an item of plant at a cost of sh 5000000, Financial Accounting

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Xyz ltd bought an item of plant at a cost of sh 5000000

XYZ ltd bought an item of plant at a cost of sh. 5,000,000. Depreciation is charged on straight line with an estimated useful life of 10yrs. After 3 years of use, it is estimated that the asset will be used for a further 5 years only.

Required:

Compute the new depreciation charge per annum.

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Financial Accounting: Xyz ltd bought an item of plant at a cost of sh 5000000

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Financial Accounting: Xyz ltd bought an item of plant at a cost of sh 5000000

Reference No:- TGS0778247

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