A car costs 9,600. It will be kept for three years, and then sold for 2,600. Calculate

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A car costs £9,600. It will be kept for three years, and then sold for £2,600. Calculate the depreciation for each year using

(a) The reducing balance method, using a depreciation rate of 50 per cent,

(b) The straight line method.

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Reducing Balance Method Using the reducing balance method with a depreciation rate of 50 you calcula...View the full answer

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