(Answered) Question - peach ltd purchased a machine for 32000 on 1

Accounting

Question - Peach Ltd purchased a machine for $32,000 on 1 January 2011. The machine is expected to have a life of four years and no salvage value. The financial year ends on 31 December. The straight-line method of depreciation is employed. What will be the balance of the Accumulated Depreciation account at 31 December 2013?

a. $24,000

b. $27,750

c. $31,500

d. $16,000

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