Andrew's Slabs bought a delivery truck on 1/7/2016 It cost $33,000 (including GST), and it was decided to depreciate it at 30%

At the end of the financial year, on 30/06/2017, the balance of the accumulated depreciation of the truck was $15,300

On 31/03/2018 Andrew traded it in on a new delivery truck. He received $8,800 for the trade in and he paid the balance, $44,000, in cash All figures included GST

Andrew's Slabs uses the diminishing balance