Merlane acquired a machine for 180,000 on 1 January 2023, depreciated on a straight-line basis over 6 years with no residual value. At 1 January 2025, the remaining life is unchanged but a residual value of 20,000 is now expected. What is 2025 depreciation?
- Acquisition cost
- 180,000
- Useful life
- 6
- Revised residual value
- 20,000