Alverine recognised a right-of-use asset for a production photocopier at 96,000. Lease term: 4 years; useful life of the photocopier: 10 years; no transfer of ownership and no purchase option. Straight-line depreciation (method chosen). Record the depreciation entry for the first year.
- Cost of the right-of-use asset
- 96,000
- Lease term
- 4
- Useful life of the photocopier
- 10