A firm owns a fleet of vehicles acquired at a total cost of 264,800. Accumulated depreciation up

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A firm owns a fleet of vehicles acquired at a total cost of £264,800. Accumulated depreciation up to the beginning of the current year is £112,400. Vehicles are depreciated at 20% per annum using the straight-line method. The written-down value of the vehicles by the end of the current year would be:

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Financial Accounting An Introduction

ISBN: 9780273737650

2nd Edition

Authors: Mr Barry Elliott, Mr Augustine Benedict

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