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An Asset Cost €16000,has No Scrap Value and a Useful

Question 8

Multiple Choice

An asset cost €16000,has no scrap value and a useful life of 4 years.Using the reducing balance method with a 40% rate what is the net book value at the end of year 3?


A) €5,760
B) €4,000
C) €3,456
D) €2,304

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