Help!!

System
System Posts: 100,534 🤖 Admin 🤖
edited June 18 in AAT student discussion
Hi - Please could someone help me!

I am doing a depreciation question and it states in the motor vehicles that the depreciation is 33a% per year on cost (straight line basis) Could someone please tell me what the 'a' stands for in the 33%.

I have asked loads of people but no one knows!

Thanks,
Benny
:-)

Comments

  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:Help!!

    Hi Benny.

    It's a misprint - it shouldn't be there.

    Scott.
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:Help!!

    Well thats what I thought but when I work out 33% on 10,500 it comes to 3465 (10,500*33%) but the answer is 3500 - so 10,500*33.333333=3499.999 so 3500.

    I wasnt sure if the 'a' meant reoccurring as thats the only way to get the answer.

    Thanks
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:Help!!

    If you are using straight line over 3 years - you would need 33.3333%, so maybe that's their symbol for recurring.

    If you think about it logically, you need 100% divided by 3, i.e. a third.

    Scott.
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:Help!!

    Thanks Scott!
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:Help!!

    No probs, Benny. :)

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