What will the depreciation expense be at year end, Accounting Basics

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What will the depreciation expense be at year end

Problem

A business purchased a new car at the start of October for $16,800 cash. The car has a useful life of 4 years and residual value of $2,400. The business has a 30 June year end. If the business uses the reducing balance method of depreciation, at the rate of 25% per year, what will the depreciation expense be at year end?

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Accounting Basics: What will the depreciation expense be at year end

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