Question: If a vehicle is bought for $ 4 0 , 0 0 0 , has a scrap value of $ 4 , 0 0 0

If a vehicle is bought for $40,000, has a scrap value of $4,000, and a reducing balance method with a depreciation rate of 25% is used, what is the book value of the vehicle at the end of year 4?
If a vehicle is bought for $40,000, has a scrap value

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