Depreciation expenses
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Free InquiryThe furniture and fixtures balance of £30,000 relates to the purchases of assets during 2015. The depreciation costs are not included in the trial balance yet. They are required to be calculated on a straight line basis for the full year of 2015, based on a useful life of 8 years and an estimated residual value of £6,000 and to be included in the administrative expenses and accumulated depreciation. Depreciation expenses are:
a. £6,000
b. £5,000
c. £4,000
d. £3,750
e. £3,000
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