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What is annual amount of depreciation

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Reference no: EM132540130

Question - A company purchased vehicle for 6000, Depreciation rate is 20% and it's residual value is expected to be 1000. What is annual amount of depreciation using the straight line method of depreciation?

A. 1000

B. 2000

C. 3000

D. 3300

Reference no: EM132540130

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