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Bruno buys two motor vans costing 41,000 in total. They are depreciated on the reducing-balance basis at the rate of 40% per annum. Which of
Bruno buys two motor vans costing 41,000 in total. They are depreciated on the reducing-balance basis at the rate of 40% per annum. Which of the following statements is true?
a)The NBV of the vans after one year will be 24,600 and the depreciation charge for year 2 will be 16,400.b)The NBV of the vans after two years will be 14,760 and the depreciation charge for year 2 will be 9,840
c)The NBV of the vans after one year will be 14,760 and the depreciation charge for year 2 will be 16,400.
d)The NBV of the vans after two years will be 24,600 and the depreciation charge for year 2 will be 9,840
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