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Begas Backpacks Ltd purchased a Motor vehicle on 1 st March 2020 for $62 000 The Motor vehicle is expected to have a useful life
Begas Backpacks Ltd purchased a Motor vehicle on 1st March 2020 for $62 000
The Motor vehicle is expected to have a useful life of 5 years with $9 500 residual value
Begas Backpacks Ltd uses the straight-line method of depreciation
Calculate the depreciation expense, accumulated depreciation and carrying amount for the financial year ended 30th June 2020. Round to the nearest whole $
Year | Depreciation expense | Accumulated depreciation | Carrying amount |
30th June 2020 |
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