Rovan recognised depreciation on a press up to 31 March. It classifies it as held for sale on 30 June. The depreciable amount is 480,000, the useful life 8 years (straight-line) and 3 months have elapsed since the last charge. Post the entry for the last depreciation charge before classification.
- Depreciable amount
- 480,000
- Useful life
- 8
- Months since the last charge
- 3