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Ellie Buys a New Delivery Vehicle on 1 January 20X4

Question 20

Multiple Choice

Ellie buys a new delivery vehicle on 1 January 20X4 for £15 000.She depreciates vans on a straight line basis over five years.She estimates that she will be able to sell this van on 31 December 20X8 for £750. What is the depreciation charge in respect of this vehicle for Ellie's financial year ended 31 December 20X4?


A) £3000
B) £2250
C) £2850
D) £3150

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