A tractor that cost pound8500000 is depreciated by 40 of
A Tractor that cost £8,500,000 is depreciated by 40% of its value each year using the diminishing balance method.
(a) Calculate:
(i) the depreciation that occurs during the first year
(ii) the book value at the end of the first year
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a tractor that cost pound8500000 is depreciated by 40 of its value each year using the diminishing balance methoda
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