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What is the depreciation base of asset for hamilton company

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Reference no: EM132761238

Problem 1: Hamilton Company purchased a depreciable asset for £200,000. The estimated residual value is £20,000, and the estimated useful life is 10 years. The straight-line method will be used for depreciation.  What is the depreciation base of this asset?

Option 1: £20,000
Option 2: £18,000
Option 3: £200,000
Option 4: £180,000

Reference no: EM132761238

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