Rashid supplied these balances as at 31 December: - machinery at cost: $52000 - provision for depreciation of machinery: $23000 Depreciation for the year was worked out at 20% of cost and this is already included in the provision balance. Once the balances had been extracted, it was discovered that machinery repairs costing $2000 had been posted in error to the machinery account. What is the adjusted balance on the provision for depreciation of machinery account?
- A$21000
- B$22600
- C$23400
- D$25000