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 depreciated value at the end of 2 years’ ownership?

(a) £9,600

(b) £5,760

(c) £12,800

(d) £3,200

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Accounting And Finance For Business

ISBN: 9780273773948

1st Edition

Authors: Geoff Black, Mahmoud Al-Kilani

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Question Posted: Jul 02, 2024 09:01 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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Accounting And Finance For Business

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