An asset cost €16000,has no scrap value and a useful life of 4 years.Using the reducing balance method with a 40% rate what is the net book value at the end of year 3?
A)€5,760
B)€4,000
C)€3,456
D)€2,304

Name: An asset cost €16000,has no scrap value and a useful life of 4 years.Using the reducing balance method with a 40% rate what is the net book value at the end of year 3? A)€5,760 B)€4,000 C)€3,456 D)€2,304
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Question

Quizplus · Accepted Answer

The Answer is C

An Asset Cost €16000,has No Scrap Value and a Useful