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FK Ltd's Fleet of Delivery Trucks (Original Cost $850 000)

Question 27

Multiple Choice

FK Ltd's fleet of delivery trucks (original cost $850 000) had a carrying amount on 1 July 2012 of $470 000. On that date their value was revised to $500 000. Future depreciation charges will be based on which amount?


A) $450 000
B) $330 000
C) $500 000
D) $470 000

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