George Clooney buys a motorbike costing 8,000. If he depreciates the motorbike using the reducing balance method and the fixed rate for the reducing balance method calculated as 25%. What will be its carrying amount (i.e. net book value) in the balance sheet at the end of year 3 ? Select one: a. 1,125 b. 4,500 c. 3,375 d. 2,000
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