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A motor vehicle is bought for $12,800. Estimated residual value is $400 and useful life is 5 years. Calculate the depreciation for each year using:
A motor vehicle is bought for $12,800. Estimated residual value is $400 and useful life is 5 years. Calculate the depreciation for each year using:
(a) The straight line method
(b) The reducing balance method, applying a depreciation rate of 50%.
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