Bet'r Bilt Toys just purchased some machinery at a cost of €230,000.Which of the following will correctly give you the book value of this equipment at the end of year 2 if the 20% reducing balance method of depreciation is used?
I.52% of the asset cost
II.64% of the asset cost
III.68% of 80% of the asset cost
IV.the asset cost,minus 20% of the asset cost,minus 32% of 80% of the asset cost
A) II only.
B) III and IV only.
C) I and III only.
D) II and IV only.
E) I,II,III,and IV.
Correct Answer:
Verified
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