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The depreciation allowance for year 11 of an asset with a 20-year useful life is SR 2,000. If the salvage value was estimated to be
The depreciation allowance for year 11 of an asset with a 20-year useful life is SR 2,000. If the salvage value was estimated to be SR 2,000 and straight-line depreciation was used to calculate the depreciation allowance for year 11. What is the initial cost? (unit: SR)
a) 42,000b) 82,000c) 32,000d) 62,000
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