Norman runs a storage facility in which he uses two fork lift trucks.He depreciates them on a reducing balance basis at 20% each year.One of the fork lifts currently in use was bought on 1 January 20X1 for £18 220.As his business expanded he bought the second fork lift for £21 400 on 1 January 20X5. What is the carrying amount (to the nearest £) of fork lifts in Norman's accounts at his 31 December 20X6 year end?
A)£18 472
B)£21 896
C)£19 666
D)£23 090

Question

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The Answer of Norman runs a storage facility in which he uses two fork lift trucks.He depreciates them on a reducing balance basis at 20% each year.One of the fork lifts currently in use was bought on 1 January 20X1 for £18 220.As his business expanded he bought the second fork lift for £21 400 on 1 January 20X5. What is the carrying amount (to the nearest £) of fork lifts in Norman's accounts at his 31 December 20X6 year end?
A)£18 472
B)£21 896
C)£19 666
D)£23 090

Norman Runs a Storage Facility in Which He Uses Two