Club York is located in the centre of Sydney. In a major refurbishment, it purchased a new sound system and a new lighting system on 1 March 2019. • The sound system cost $35,000 to purchase and $4,500 to install. The lighting system cost $55,000. • The sound system has a useful life of 8 years and residual value $500. The lighting system has a useful life of 5 years and no residual value. Both are depreciated on a straight-line basis. Club York’s accounting period ends on 30 June each year. d) Outline the main factors to be considered in selecting an appropriate depreciation method.
Club York is located in the centre of Sydney. In a major refurbishment, it purchased a new sound system and a new lighting system on
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