A car costs 12,000. It will be kept for three years, and then sold for 3,000. Calculate
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A car costs £12,000. It will be kept for three years, and then sold for £3,000. Calculate the depreciation for each year using
(a) the reducing balance method, using a depreciation rate of 35 per cent,
(b) the straight line method.
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a Reducing Balance Method with a depreciation rate of 35 In the reducing balance method the asset is ...View the full answer
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Related Book For
Frank Woods Business Accounting
ISBN: 9780273759287
12th Edition
Authors: Frank Wood. Sangster, Alan
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