Amotor vehicle which cost £30,000 Is depreciated at 20% per annum using the reducing balance method. The depreciation charge for the second year would be: a. E13,800 b.£8,000 C. £4,800 24,000x20%-£4,800 d.£7,200

Amotor vehicle which cost £30,000 Is depreciated at 20% per annum using the reducing balance method. The depreciation charge for the second year would be: a. E13,800 b.£8,000 C. £4,800 24,000x20%-£4,800 d.£7,200

Name: QUESTION 9Amotor vehicle which cost £30,000 is depreciated at 20% per
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Description: QUESTION 9Amotor vehicle which cost £30,000 is depreciated at 20% per annum using the reducing balancemethod. The depreciation charge for the secondyearwould be:a. £13,800b.E8,000c. £4,80024,000x20%=£4,800d.£7,200

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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