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15. On 1 January 2015, Larch Ltd buys a car at a cost of 24,000 for use in its business. The company plans to use

15. On 1 January 2015, Larch Ltd buys a car at a cost of 24,000 for use in its business. The company plans to use the car for 4 years and then to sell it, for an expected price of 8,000. What is the net book value of the car at the year end of 31 December 2015? a. 8,000 b. 18,000 c. 20,000 d. 24,000 76600

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