Cy employs a sales representative who uses a car supplied by Cy's business.Cy's policy is to depreciate the car over its estimated useful life of four years on the straight-line basis, charging one month's depreciation in respect of every full month of ownership. During March 20X3, the sales rep hands in her notice, and says that she intends to leave at the end of April 20X3.She asks Cy if she can buy the car for its carrying amount at that date.The car was purchased on 10 June 20X1 for £23 600.Its residual value was estimated at £6600.What is the carrying amount of the car at 30 April 20X3 (to the nearest £)?

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The Answer of Cy employs a sales representative who uses a car supplied by Cy's business.Cy's policy is to depreciate the car over its estimated useful life of four years on the straight-line basis, charging one month's depreciation in respect of every full month of ownership. During March 20X3, the sales rep hands in her notice, and says that she intends to leave at the end of April 20X3.She asks Cy if she can buy the car for its carrying amount at that date.The car was purchased on 10 June 20X1 for £23 600.Its residual value was estimated at £6600.What is the carrying amount of the car at 30 April 20X3 (to the nearest £)?

Cy Employs a Sales Representative Who Uses a Car Supplied