If, at the end of the accounting period, non-current assets total $800 000 and depreciation is calculated based on 8% per annum straight line, depreciation expense would total:
A)$64 000
B)$46 000
C)$800 000
D)$10 000

Question

Quizplus · Accepted Answer

Depreciation expense is calculated as 8% of the non-current assets' total value, which is $800,000. Therefore, $800,000 * 0.08 = $64,000.

If, at the End of the Accounting Period, Non-Current Assets