A vehicle was purchased for 26,000. It was depreciated at 40% per annum using the reducing balance

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A vehicle was purchased for £26,000. It was depreciated at 40% per annum using the reducing balance method. It was sold after two years of use for £9,500.

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Prepare a disposal account for the vehicle.

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Introducing Accounting For AS

ISBN: 9780340959404

2nd Edition

Authors: Ian Harrison

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Question Posted: Aug 23, 2023 04:38 AM

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A vehicle was purchased for 26,000. It was depreciated at 40% per annum using the reducing balance

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To prepare a disposal account for the vehicle we need to calculate the accumulated depreciation and ...View the full answer

Introducing Accounting For AS

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