A car is bought for 16,000. It is to be depreciated on a diminishing balance basis using

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A car is bought for £16,000. It is to be depreciated on a diminishing balance basis using a rate of 40% p.a. What is the car's net book value at the end of 2 years' ownership?

a. £9,600

b. £5,760

c. £12,800

d. £3,200

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Introduction To Accounting And Finance

ISBN: 9780273711629

2nd Edition

Authors: Geoff Black

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Question Posted: May 31, 2024 03:09 AM

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A car is bought for 16,000. It is to be depreciated on a diminishing balance basis using

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Introduction To Accounting And Finance

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