Zak has charged depreciation on his machinery at 20% per annum by using the straight-line method. At 31 December 2018, the statement of financial position showed: - machinery at cost: $30000 - depreciation to date: $12000 - net book value: $18000 On 31 December 2019, Zak was thinking about working out the annual depreciation at 20% per annum based on the net book value of the machinery. Which statement is correct?
- Adepreciation would be $3600 applying the consistency principle
- Bdepreciation would be $3600 applying the prudence principle
- Cdepreciation would be $6000 applying the consistency principle
- Ddepreciation would be $6000 applying the prudence principle