A business buys a piece of equipment for ( 72,000) and depreciates it at (25 %) per

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A business buys a piece of equipment for $£ 72,000$ and depreciates it at $25 \%$ per year using the reducing balance method. What is the depreciation expense in the third year of use?

(A) $£ 10,125$

(B) $£ 18,000$

(D) $£ 13,500$

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Frank Woods Business Accounting An Introduction To Financial Accounting

ISBN: 9781292365435

15th Edition

Authors: Alan Sangster, Lewis Gordon, Frank Wood

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Question Posted: Mar 01, 2024 03:00 AM

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A business buys a piece of equipment for ( 72,000) and depreciates it at (25 %) per

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Frank Woods Business Accounting An Introduction To Financial Accounting

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