Question
A taxi is 5 years old and has been depreciating at a rate of 30% pa. It is now worth $6 000. Determine the initial
A taxi is 5 years old and has been depreciating at a rate of 30% pa. It is now worth $6 000. Determine the initial purchase price. Use correct depreciation formulas and show full working out for your answers.
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Frank Woods Business Accounting Volume 1
Authors: Alan Sangster, Frank Wood
13th Edition
1292084669, 9781292084664
