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It Is Company Policy to Depreciate Motor Vehicles Using a 25

Question 18

Multiple Choice

It is company policy to depreciate motor vehicles using a 25% reducing balance method. This year's
Depreciation has not yet been adjusted for.
What is the balance on the provision for depreciation account after the depreciation adjustment has
Been made?
The following is an extract from the trial balance for an entity:
It is company policy to depreciate motor vehicles using a 25% reducing balance method. This year's Depreciation has not yet been adjusted for. What is the balance on the provision for depreciation account after the depreciation adjustment has Been made?  The following is an extract from the trial balance for an entity:   A)  £14,062.50 B)  £14,453.10 C)  £10,546.90 D)  £3,515.60


A) £14,062.50
B) £14,453.10
C) £10,546.90
D) £3,515.60

Correct Answer:

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