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Non-Current Assets: A commercial van was purchased on 1 July 2018 for $39,740 excluding GST with a useful life of 5 years. Office equipment was
Non-Current Assets: A commercial van was purchased on 1 July 2018 for $39,740 excluding GST with a useful life of 5 years. Office equipment was purchased on 1 October 2018 for $18,412 excluding GST with a useful life of 5 years. No depreciation expenses have been charged during FY22. Calculate depreciation for FY22 and record it (round calculations to the nearest dollar).
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