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In France, system of government is:
France operates under a semi-presidential (mixed) system where both a President and a Prime Minister hold executive powers.
The 'Great Compromise' in US Constitutional history relates to:
The Great Compromise (Connecticut Compromise) established the dual system of congressional representation (Senate and House).
Vehicle X cost $80,000, useful life 5 years, residual value $5,000, depreciated straight-line. After 3 years, part-exchange value was $20,000. What was the loss on disposal?
Option B ($15,000) is correct.
Annual depreciation = ($80,000 − $5,000) ÷ 5 = $15,000
Accumulated depreciation after 3 years = $45,000
Carrying value = $80,000 − $45,000 = $35,000
Loss on disposal = $35,000 − $20,000 = $15,000
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