Bulgarian Certified Expert Accountant Exam Practice Questions - Bulgarian Certified Expert Accountant Exam (Дипломиран експерт-счетоводител ИДЕС) Exam

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A Bulgarian enterprise acquires manufacturing machinery on 1 January 2024 for 120,000 EUR with an estimated useful life of 5 years and a residual value of 20,000 EUR. The entity uses the straight-line method. On 1 January 2026, the entity revises the remaining useful life to 2 more years (total life 4 years) and residual value to 10,000 EUR. What is the depreciation expense for 2026 under IAS 8 and IAS 16?

35,000 EUR 20,000 EUR 25,000 EUR 40,000 EUR

Correct Answer:

35,000 EUR

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