On 1 July 2018, Terrys Tools purchased a new delivery van. The van was purchased forcash of $66 000 (GST inclusive). Additional costs associated with the purchase of the van were stamp duty of $6 600 (GST exempt) and registration of $1 100 (GST exempt). Both were paid with cash. The company chooses to use the units of production method of accounting for depreciation. The financial year ends on 30 June. The van is expected to have a useful life of 700 000 kilometres and a residual value of $6 000.

The following events and transactions occurred over the following 3 years. Transactions are GST inclusiv