A farmer buys a combine harvester at a cost of R1,3 million. The depreciation on the harvester is calculated at 12% p.a on a reducing balance. Calculate the book value of the harvester at the end of eight years.
Mathematics
Grade 12
Financial Maths
Depreciation
Reducing-Balance Method
Book Value
Sinking Fund
Inflation
15 May 2018 12:29
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