A firm buys a delivery van on 1 January 20X1 for 60,000. The estimated physical life is

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A firm buys a delivery van on 1 January 20X1 for €60,000. The estimated physical life is 10 years, but the firm has a policy of trading in all vans after 5 years, when the trade-in price is usually about 20 per cent of the original cost. Using straight-line depreciation, the expense for year 3 will be:

A. €4,800.

B. €6,000.

C. €9,600.

D. €12,000.

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