by: Admin_LouisPosted on:

Using the reducing balance method of depreciation, what would be the value of the asset after 3 years?

Asa Company bought a vehicle worth N20,000 and the vehicle is to be depreciated at 5%. Using the reducing balance method of depreciation, what would be the value of the asset after 3 years?

A N19,000.00

B N18,050.50

C N17,147.50

D 16,290.13

Answer is C

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