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A company purchased vehicle for 6000, Depreciation rate is 20% and it's residual value is expected to be 1000. What is annual amount of depreciation
A company purchased vehicle for 6000, Depreciation rate is 20% and it's residual value is expected to be 1000. What is annual amount of depreciation using the straight line method of depreciation?
A. 1000
B. 2000
C. 3000
D. 3300
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