Question

In August 1999 a company purchased an asset for $12000, which it

decided to depreciate using the diminishing value method. The book value
at the end of 3 years was $5062.50. Using the information in Table 8.1 attached.

(a) calculate the rate of depreciation
(b) determine the possible values of effective life of the asset
(c) construct a depreciation schedule for 5 years​

Answer 1

I think it is b because it asks you determine the possible values