A Company Has an Asset That Cost $20,000

question 48

Multiple Choice

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

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