Multiple Choice
A non-current asset was purchased for £21,000 on 1 January 2020. If it is depreciated using the reducing-balance basis at the rate of 40% per annum, the net book value of the asset at 31 December 2021 will be:
A) £4,200.
B) £7,560.
C) £5,040.
D) £12,600.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q2: A business is said to be a
Q3: Monica's trade receivables at 31 December were
Q4: Joey's trade receivables at 31 December 2023
Q5: Which of the following facts about depreciation
Q6: The annual straight-line depreciation charge on an
Q7: Rachel bought a motor vehicle for £25,000.
Q8: Which one of the following is the
Q9: Ross Ltd bought a machine for £120,000.
Q10: Phoebe bought a laptop computer for her