Quentel acquired a machine at a cost of 800,000, with a residual value of 200,000 and a useful life of 10 years, depreciated on a straight-line basis. It classifies it as held for sale after 42 months of use. Calculate accumulated depreciation at the classification date, then the carrying amount at that date (no impairment otherwise).
- Cost of the machine
- 800,000
- Residual value
- 200,000
- Useful life
- 10
- Months of use until classification
- 42