Question
Question 2 - ABC Ltd On 01 July 2012, ABC Ltd purchased a truck for a total cost of $132000 cash including GST. In addition,
Question 2 - ABC Ltd
On 01 July 2012, ABC Ltd purchased a truck for a total cost of $132000 cash including GST. In addition, delivery charges of $2750 including GST and registration and insurance of $4500 including GST were paid on same day. The useful life of the truck was estimated to be five years, with a salvage value of $2000 excluding GST.
You are required to:
- Calculate the annual depreciation, using the straight-line method
- Calculate annual depreciation at 30% Reducing Balance Method.
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Business And Professional Ethics
Authors: Leonard J Brooks, Paul Dunn
8th Edition
1337514462, 9781337514460
