Halimas financial year ends on 31 October. She depreciates her motor vehicles using the reducing balance method
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Halima’s financial year ends on 31 October. She depreciates her motor vehicles using the reducing balance method at 20% per annum. On 1 November 20–6 she bought a motor vehicle for $14,200. What was the charge for depreciation for the year ended 31 October 20–8?
A. $2,272
B. $2,840
C. $5,110
D. $5,680
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Related Book For
Cambridge IGCSE And O Level Accounting Coursebook
ISBN: 9781316502778
2nd Edition
Authors: Catherine Coucom
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