Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. george clooney buys a motorbike costing 8,000. if

George Clooney buys a motorbike costing 8,000. If he depreciates the motorbike using the reducing...

90.2K

Verified Solution

Question

Accounting

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
image

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

General Management
1.2K views

2. What is the relationship between learning and continuous improvement? Identify at least two characteristics or...

Biology
1.2K views

Stage clip Coaxial stage controls Move the slide right left and backward forward Secures the...

Physics
1.2K views

36 A sample of radioactive substance decays simultaneously by two processes A and B with...

Basic Math
1.2K views

Residential staircases are usually built with a slope of 70 If the vertical distance between...

Basic Math
1.2K views

Due to random variations in the operation of an automatic coffee machine, not every cup...

Accounting
1.2K views

Ending assets total $373036. Ending liabilities total $165,000. Beginning owners equity total...

Accounting
1.2K views

Knowledge Check 01 On July 1, Year 1, the Barley Company...

Accounting
1.2K views

The weekly time records indicate the following distribution of labor hours for three direct...

Accounting
1.2K views

The Ste. Marie Division of Pacific Media Corporation just started operations. It purchased depreciable assets...

Accounting
1.2K views

REQUIRED Calculate the following from the information provided below: 3.2.1 The total variable costs if...

Accounting
1.2K views

Which statement about long-term investments is not true? Select one: A. They can never include...

Accounting
1.2K views

u Meyer reported the following pretax financial income...