The information relates to Carlos Pty Ltd business on 31 December 2015:
On 1 January 2015, the following was extracted from the Carlos Pty Ltd’s trail balance:
Furniture Cost 160 000
Accumulated Depreciation
33 000
Additional information
How much is recorded in the Statement of Financial Position for Furniture?
Select one:
a. 114 300
b. 62562
c. 59 312
d. 176 862
"(160,000-33,000)*(1-0.1)=114,300"
Answer a)
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