A motor vehicle was purchased on 31 March 2016 for $42,000. It has an expected useful life of 5 years and is being depreciated using the straight-line method to a residual value of $10,000. Ignore GST

Assuming balance day is 30 June:

1. Prepare a depreciation schedule to 30 June 2018.

Date	Asset Cost	Depreciation	Accumulated Depreciation	Carrying Amount (Asset Cost less Accumulated Depreciation)
30/6/16
30/6/17
30/6/18