Multiple Choice
Doris buys a non-current asset for £35 000 on 1 February 20X1.She depreciates assets of this type on the reducing balance basis at a rate of 15% each year.What is the carrying amount of this asset at Doris's year end on 31 January 20X5 (to the nearest £) ?
A) £18 270
B) £16 730
C) £14 000
D) £21 000
Correct Answer:
Verified
Correct Answer:
Verified
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