An entity buys an asset for £1,000 and depreciates it using the reducing balance method. Which of the following amounts would be the second year's depreciation charge at 10% per annum?
A) £80
B) £81
C) £90
D) £100
Correct Answer:
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Q1: Entities charge depreciation each year:
A) To ensure
Q3: The net book value of a non-current
Q4: Depreciation is:
A) A way of setting aside
Q5: The sale of equipment costing £8,000, with
Q6: The balance at cost of an asset
Q7: The cost of an entity's assets three
Q8: A car cost £9,000. It has an
Q9: The balance on an entity's plant and
Q10: Q11: 
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