Solution-What was the balance on the provision of

What was the balance on the provision of depreciation

Reference no: EM132594826

Question - Motor Vehicles account has a balance of $80,000 and provision for depreciation account has a balance of $20,000. One motor vehicle which was bought two years ago for $10,000 for $20.000, The motor vehicle has been depreciated at 20% per annum on cost. What was the balance on the provision of depreciation after this disposal?

a. $12,000.

b. $15,600.

c. $16,000.

d. $10,400.

Reference no: EM132594826

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What was the balance on the provision of depreciation

Reference no: EM132594826

Reference no: EM132594826

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