A vehicle originally cost 64,000. It is expected to be used for three years, and then sold
Question:
A vehicle originally cost £64,000. It is expected to be used for three years, and then sold for £17,500. Calculate the depreciation for each year using
(a) the reducing balance method, using a depreciation rate of 35%; and
(b) the straight-line method.
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a Reducing Balance Cost Yr 1 Depn 35 of 64000 Yr 2 De...View the full answer
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Related Book For
Frank Woods Business Accounting An Introduction To Financial Accounting
ISBN: 9781292365435
15th Edition
Authors: Alan Sangster, Lewis Gordon, Frank Wood
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