A vehicle was purchased for 26,000. It was depreciated at 40% per annum using the reducing balance
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A vehicle was purchased for £26,000. It was depreciated at 40% per annum using the reducing balance method. It was sold after two years of use for £9,500.
Required
Prepare a disposal account for the vehicle.
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To prepare a disposal account for the vehicle we need to calculate the accumulated depreciation and ...View the full answer
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Deepankur Keserwani
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