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Asa Company bought a vehicle worth N20,000 and the vehicle is to be depreciated at 5%. ...

Asa Company bought a vehicle worth N20,000 and the vehicle is to be depreciated at 5%. Using the reducing balance method of depreciation, what would be the value of the asset after 3 years?

A. N19,000.00
B. N18,050.50
C. N17,147.50
D. 16,290.13




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