An asset bought at a cost of 24 000 is depreciated using the straight-line meth od over
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An asset bought at a cost of £24 000 is depreciated using the straight-line meth od over 6 years, assum ing a resale value of £3000 at the end of that time . At the end of the third year of useful life of the asse t the written down value is:
(a) £ 13500;
(b) £ 12000;
(c) £ 11000;
(d) £ 10500.
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Related Book For
Financial Accounting And Reporting An Introduction
ISBN: 978-0333346402
1985 Edition
Authors: R. Limmack
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