A company has an asset that cost $20,000.It is estimated to last 8 years.It is to be depreciated 32% every year using the constant percentage method.What is the scrap value of the asset?
A) $430.27
B) $914.33
C) $1344.60
D) The asset has no scrap value since the constant percentage method is being used
Correct Answer:
Verified
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