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What is the carrying value of the motor vehicle

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Question - On 31 December 2019 a new motor vehicle with an effective life of five years and no estimated residual value was purchased by a business at a cost of $23,000 (GST exclusive). The diminishing value method of depreciation is used at the rate of 20% p.a. What is the carrying value of the motor vehicle at 31 December 2021 after charging depreciation for that year?

Reference no: EM133110175

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