A business purchased a new car at the start of October for $16,800 cash. The car has
Fantastic news! We've Found the answer you've been seeking!
Question:
A business purchased a new car at the start of October for $16,800 cash. The car has a useful life of 4 years and residual value of $2,400. The business has a 30 June year end. If the business uses the reducing balance method of depreciation, at the rate of 25% per year, what will the depreciation expense be at year end?
a. $4 200
b. $3 600
c. $2 700
d. $3 150
e. None of the above
Related Book For
Posted Date: