Question
Question HRH'S balance sheet of 30 June 2011 shows a motor vehicle at a cost price of $72,000 less accumulated depreciation of $36,000. Depreciation is
Question
HRH'S balance sheet of 30 June 2011 shows a motor vehicle at a cost price of $72,000 less accumulated depreciation of $36,000. Depreciation is calculated on a straight-line basis. If the vehicle had a useful life of 6 years at the time of purchase and a residual value of $6,000. What is its carrying amount on 1 July 2013.
a) 24,000
b) 25,000
c) $14,000
d) $26,000
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Accounting and Financial Analysis in the Hospitality Industry
Authors: Johnathan Hales
1st edition
132458667, 978-0132458665
