Sample tests : Finance (EPSO/CAST/P1-P17/2017)

A fixed asset costs € 13 000 and has a terminal value of € 2 000. If its life is 5 years, what amount should be set aside for depreciation each year, using the straight-line method?

A. € 2 200

B. € 2 600

C. € 2 750

D. € 3 000