Company A owns a van as non-current asset. This transportation element was acquired for 50,000...
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Accounting
Company A owns a van as non-current asset. This transportation element was acquired for 50,000 on 01/01/2017. Company A year-end is on 31st December. The annual depreciation rate is 20%. Which will be the total accumulated depreciation on 31/12/2018 using the reducing-balance method?
Select one:
a. 8,000
b. None of the answers is true.
c. 18,000
d. 10,000
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