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A retailer purchased a delivery wagon for $31 000 on 1 July 2016. It was planned to keep the vehicle until it had done 60
A retailer purchased a delivery wagon for $31 000 on 1 July 2016. It was planned to keep the vehicle until it had done 60 000 kilometres and then to trade it in.
The expected trade in value was $8 000.
Schedule of actual distance travelled was:
30/6/1720 000 km
30/6/1815 000 km
30/6/1915 000 km
30/6/2010 000 km
Using the units-of-production method the amount of depreciation charged for the year ended 30 June 2020 was:
Select one:
a.$3 500
b.$3 750
c.$3 833
d.$4 633
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