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Hrhs balance sheet of 30 june 2011 shows a motor vehicle at

Problem

HRH'S balance sheet of 30 June 2011 shows a motor vehicle at a cost Moe of $72,000 less accumulated depreciation of $36,000 Depreciation Is calculated on a straight-11re basis. If the vehicle had s use, Ile of 6 years at the time of purchase and a residual value of $6,000. What is its carrying amount on 1 July 2013.

a) 26,000
b) 25,000
c) $14,000
d) $20000

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Accounting Basics: Hrhs balance sheet of 30 june 2011 shows a motor vehicle at

Reference No:- TGS02604960

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