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Elizabeth purchased a truck (carrying capacity 10 tonnes) for use in her delivery business for $67 000 on 1 September 2018. She uses the truck

Elizabeth purchased a truck (carrying capacity 10 tonnes) for use in her delivery business for $67 000 on 1 September 2018. She uses the truck 100% for business use at all times. The effective life of the truck at the time of acquisition was seven years. Her depreciation claim (assuming prime cost method applied and rounded to nearest $1) for the year ended 30 June 2020 will be:

Hint - you must first calculate depreciation for the previous income year.

Select one:

1. $11 918.

2. $7946.

3. $9571.

4. Nil.

5. $10 043.

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