The price of a van is RM120,000. The van is expected to have useful life of 15 years and a scrap value of RM6,000. Calculate the book value of the van at the end of 10th year using the straight line method. Depreciation

  • RM22,000
  • RM33,000
  • RM44,000
  • RM55,000
Answer: RM44,000
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