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On January 1, 2020, Empresas ABC acquires a machinery with the following information: Cost: $...

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Accounting

On January 1, 2020, Empresas ABC acquires a machinery with the following information: Cost: $ 150,000 Estimated useful life: 20 years The machinery has one part that can be replaced every 5 years with an estimated cost of 10,000. The motor has a cost of $ 20,000, it can be replaced every 4 years. How much is the total depreciation expense for 2020 considering that the company uses IFRS (depreciation by component)?

Multiple Choice

$ 7,500

$ 13,000

$ 9,000

$ 5,172

Answer & Explanation Solved by verified expert
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