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Business, 04.05.2021 17:40 leomessifanboy678

1. a. Bold and Grusome bought a motor van for $45 000 and estimated its scrap value at
$3000 and it's useful life as 5 years. Depreciation is charged on the straight line
method.
i. What was the depreciation rate per year?
II. What amount of depreciation should be charged in year 3?
111. What was the net book value at the end of year 4?
1V. What was accumulated depreciation at the end of year 3?
v. Name ONE other method of depreciation.​

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Answers: 3

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1. a. Bold and Grusome bought a motor van for $45 000 and estimated its scrap value at
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