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What was the book value at december

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Question - 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 book (carrying) value at 31 December 2020?

a. $42,000

b. $22,500

c. $31,500

d. None of the above

Reference no: EM133022945

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