A car costs 12,000. It will be kept for three years, and then sold for 3,000. Calculate

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A car costs £12,000. It will be kept for three years, and then sold for £3,000. Calculate the depreciation for each year using

(a) the reducing balance method, using a depreciation rate of 35 per cent,

(b) the straight line method.

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Frank Woods Business Accounting

ISBN: 9780273759287

12th Edition

Authors: Frank Wood. Sangster, Alan

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Question Posted: Jan 29, 2024 03:07 AM

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A car costs 12,000. It will be kept for three years, and then sold for 3,000. Calculate

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a Reducing Balance Method with a depreciation rate of 35 In the reducing balance method the asset is ...View the full answer

Frank Woods Business Accounting

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