Question

On 1 January 2020, a motor vehicle was bought by a firm for ksh 1 200 000. Depreciation on motor vehicles is provided for at the rate of 25% per annum on the reducing balance method. What is the depreciation charge for the year 2020?


Select one:

a. 600000

b. 300000

c. 525000

d. 225000

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Answer 1

Answer:

225000 is the depreciation charge for the year 2020.