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On 1 January 2018, a New Motor Vehicle with a Useful

question 11

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On 1 January 2018, a new motor vehicle with a useful life of four years and an estimated trade-in value of $12 000 was purchased by a business for $54 000. The straight-line method is employed and the financial year ends on 31 December. What was the accumulated depreciation at 31 December 2020?


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