KFC bought an equipment for 2500 RO. Its useful life is 5 years and the salvage value is 500 RO. Using straight line depreciation, what is the book value at end of third year? O a. 1300 RO O b. 1700 RO O c. 900 RO O d. 2100 RO

KFC bought an equipment for 2500 RO. Its useful life is 5 years and the salvage value is 500 RO. Using straight line depreciation, what is the book value at end of third year? O a. 1300 RO O b. 1700 RO O c. 900 RO O d. 2100 RO

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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KFC bought an equipment for 2500 RO. Its useful life is 5 years and the salvage value is 500 RO. Using straight
line depreciation, what is the book value at end of third year?
O a. 1300 RO
O b. 1700 RO
O c. 900 RO
O d. 2100 RO

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