Lydia Ltd buys a car for its day-to-day operations for the price of 20,000. The company expects to keep the car for three years and estimates that the value of car at the end of the third year would be £11,000. 

Considering that Lydia Ltd is using straight line method, what would be the Net Book Value (NBV) that the company would show in its statement of financial position at the end of the second year.

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here is the calculation of the Net Book Value NBV of the car at the ... View the full answer