Daphne purchases a non-current asset for $10000. Its estimated useful life is two years, and its scrap value is $2000. She is deciding whether to depreciate it by the straight-line method or to apply the reducing balance method at a rate of 60% per annum. Which statements are correct?
- A1 and 3
- B1 and 4
- C2 and 3
- D2 and 4