9.10At 1 January 20X3 William has the following balances in his books related to the fixed asset...
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9.10At 1 January 20X3 William has the following balances in his books related to the fixed asset of cars:
£
38 370 (15 540) 22 830 Cars at cost Less: accumulated depreciation Net book value He acquires a new car on the same date for £14447. No other cars are bought, or sold, during the rest of the accounting period which ends on 31 December 20X3.
William depreciates cars on the reducing balance basis at 25% per year. What is the total charge for depreciation on cars, to the nearest £, to be included in William's profit and loss account for the year ending 31 December 20X3?
a) £13 204
b) £9319
c) £5 707
d) £9 592.
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Related Book For
Business Accounting And Finance For Non Specialists
ISBN: 9781861528728
1st Edition
Authors: Catherine Gowthorpe
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