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QCAA Accounting Practice Questions - QCAA Senior Accounting Exam (Units 3 & 4) Exam

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Darling Downs Printing bought a commercial printing press for $180,000 with a residual value of $20,000. The press is expected to print 800,000 pages during its operational life. If the machine prints 120,000 pages during the financial year, what is the depreciation charge using the units of use method?
Correct Answer:
$$24,000

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