A firm purchases a delivery van for business use at a cost of 36,000. The van is

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A firm purchases a delivery van for business use at a cost of £36,000. The van is expected to have a three-year lifespan with no scrap value. Depreciation for the van will be charged by using either the straight line method or the reducing balance method (using a rate of 70% per annum).

Calculate the depreciation for each of the three years, using both methods.

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Frank Woods Business Accounting Basics

ISBN: 9780273725008

1st Edition

Authors: Frank Wood, Mr David Horner

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