Maurel depreciates a packaging line on a straight-line basis; its depreciable amount is 360,000 and its useful life 6 years. It classifies it as held for sale after 30 months of use. Calculate accumulated depreciation at the classification date, then the annual charge that stops being recognised after classification.
- Depreciable amount
- 360,000
- Useful life
- 6
- Months of use until classification
- 30