Question: 18 Section A - Question 4 A vehicle costing 16 000 is depreciated at 15% per annum by the straight line method. It is sold

18 Section A - Question 4 A vehicle costing 16 000 is depreciated at 15% per annum by the straight line method. It is sold after six years for 3 000. Which one of the following statements is true? Max score: 2 The firm has made a 1600 profit The firm has made a 1600 loss The firm has made a 1400 loss The firm has made a 1400 profit Previous question Next

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