A bus is bought for 56,000. It will be used for four years, and then sold back
Question:
A bus is bought for £56,000. It will be used for four years, and then sold back to the supplier for £18,000. Show the depreciation calculations for each year using
(a) The reducing balance method with a rate of 25 per cent,
(b) The straight line method.
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Given Information Initial Cost Purchase Price 56000 Salvage Value Value when sold back after 4 years ...View the full answer
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Related Book For 
Frank Woods Business Accounting Volume 1
ISBN: 9780273681496
10th Edition
Authors: Frank Wood, Alan Sangster
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