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For an asset owned for more than one year, the depreciation charge for the year, calculated using the reducing-balance basis at the rate of 35%,

For an asset owned for more than one year, the depreciation charge for the year, calculated using the reducing-balance basis at the rate of 35%, would be arrived at as follows:

a)35% x cost of the asset.

b)35% x (cost of the asset - accumulated depreciation).

c)35% x accumulated depreciation.

d)35% x (cost of the asset + accumulated depreciation).

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