An asset having a useful life of 3 years is purchased on 1 January 2015. Cost of the asset is RO 2,000 whereas its residual value is RO 500. Using the Straight Line Method of Depreciation, the book value at the end of second year is _______. a. RO 2000 b. RO 500 c. RO 1000 d. RO 1500
An asset having a useful life of 3 years is purchased on 1 January 2015. Cost of the asset is RO 2,000 whereas its residual value is RO 500. Using the Straight Line Method of Depreciation, the book value at the end of second year is _______. a. RO 2000 b. RO 500 c. RO 1000 d. RO 1500
Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter2: Equations And Inequalities
Section2.1: Equations
Problem 70E
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An asset having a useful life of 3 years is purchased on 1 January 2015. Cost of the asset is RO 2,000 whereas its residual value is RO 500. Using the Straight Line Method of Depreciation, the book value at the end of second year is _______.
a.
RO 2000
b.
RO 500
c.
RO 1000
d.
RO 1500
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