Answered step by step
Verified Expert Solution
Question
1 Approved Answer
a business purchased a motor vehivehicle for $44000 gst inclusive i.e 40000 plus $4000 gst on 1 january 2016 the motor vehicle has an estimated
a business purchased a motor vehivehicle for $44000 gst inclusive i.e 40000 plus $4000 gst on 1 january 2016 the motor vehicle has an estimated residual value of 4400 gst inclusive i.e 4000 plus gst 400 gst and a useful life of 200000km using the units of production method calculate the depreciation expense at 30 june 2016 if the motor vehicle travelled 20000km for the six months ending 30 june 2016
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started