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Given the cost of an asset is Rm26,600 with a useful life of 6 years and scrap value is Rm1200. By using the declining balance

Given the cost of an asset is Rm26,600 with a useful life of 6 years and scrap value is Rm1200. By using the declining balance method, calculate the annual rate of depreciation and its book value at the end of 3 years.

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