(a) An asset costs £14 000. Wha t declining-balance depreciation rate would result in the scrap value of £3000 after seven years?
(b) Using the depreciation rate from part (a), what is the book value of the asset after four years?
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(a) An asset costs £14 000. Wha t declining-balance depreciation rate would result in the scrap value of £3000 after seven years?
(b) Using the depreciation rate from part (a), what is the book value of the asset after four years?