A tractor is bought for 6,000. It will be used for three years, and then sold back

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A tractor is bought for £6,000. It will be used for three years, and then sold back to the supplier for £3,072. Show the depreciation calculations for each year using

(a) the reducing balance method with a rate of 20 per cent,

(b) the straight line method.

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Frank Woods Business Accounting

ISBN: 9780273655527

9th Edition

Authors: Frank Wood, Alan Sangster

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