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The annual depreciation expense for the final years

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Assume that an asset was bought at a cost of $50 000. It is expected that the asset will have a useful life of 10 years with the straight-line depreciation method being used. At the beginning of year 5 the total useful life is re-estimated downward to 8 years. Under AASB 116 on Property, Plant& Equipment, the annual depreciation expense for the final years of useful life is?

Reference no: EM132316758

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