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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a £52,960 b £99,440 c £152,400 C d £211,840
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Related Book For
Financial Accounting An Introduction
ISBN: 9780273737650
2nd Edition
Authors: Mr Barry Elliott, Mr Augustine Benedict
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