A business buys a machine for ( 45,000) which it believes will last for ten years, after
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A business buys a machine for \(£ 45,000\) which it believes will last for ten years, after which it will be worth \(£ 5,000\). Using the straight line method of depreciation, what will be the machine's carrying amount (or 'net book value') after three years of use?
(A) \(£ 30,000\)
(B) \(£ 31,500\)
(C) \(£ 33,000\)
(D) \(£ 28,000\)
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Related Book For
Frank Woods Business Accounting An Introduction To Financial Accounting
ISBN: 9781292365435
15th Edition
Authors: Alan Sangster, Lewis Gordon, Frank Wood
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