The following occurred for PizzasRUS, a pizza restaurant manufacturer.

Purchase of a new delivery vehicle on 1 July 2021 for $67000, they estimated no residual value at the end of its useful life.

In order to use the vehicle for advertising the delivery vehicle was painted in company logo for $2000 and an air conditioner was added at a cost of $3500.

The manager paid annual registration of $1000 and for a car service of $500.

The lifetime kilometers of the vehicle are estimated to be 362,500.

An odometer reading showed that 30,000 were travelled by 30 June 2022.

A further odometer reading showed that an additional 20,000 kilometres were travelled by 31 December 2022.

Required:

1. Calculate the cost of the new delivery vehicle. IGNORE GST (1 mark)

2. Using the units of production method, calculate the depreciation expense for year ending 30 June 2022. (1 mark)

3. What is the carrying amount of the vehicle at 31 December 2022. (1 mark)