Accounting 0452 · IGCSE · Accounting for depreciation and disposal of non-current assets

Accounting for depreciation and disposal of non-current assets — practice question

Atif charges depreciation on his motor vehicles at the rate of $20\%$ per annum by the reducing balance method. On 1 May 2021, Atif had motor vehicles that originally cost $35000$. By that date, the motor vehicles had accumulated depreciation of $12600$. What amount was in Atif’s provision for depreciation account balance on 1 May 2022?

A$17080$
B$17920$
C$19600$
D$22400$

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