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what is the depreciation for 30 June 2019 (using diminishing value method) As previously mentioned in Item 2 of this assignment, Rick is frequently called
what is the depreciation for 30 June 2019 (using diminishing value method)
As previously mentioned in Item 2 of this assignment, Rick is frequently called upon to use his own motor vehicle to visit clients and to make regular court appearances. Rick owns a BMW 340i M-Sports which he purchased on 5 March 2018 for $77,180. The registration number is AYB219. Rick informs you that he has maintained a logbook for a consecutive twelve-week! period during the 2018 income year. At the end of the twelve weeks, the logbook revealed that Rick travelled a total of 6,400 kilometres, of which 2.048 were work- related. Rick tells you that this pattern of use is still relevant for the current year. At 30 June 2018, the odometer shows a total of 7,068 kilometres representing the total distance travelled for the 118 days from 5 March 2018 to 30 June 2018, At 30 June 2019, Rick advises you that the closing odometer reading of the car was 28,931 kilometres and that there was no significant or material change in business usage during the 2019 financial year from the prior year. As previously mentioned in Item 2 of this assignment, Rick is frequently called upon to use his own motor vehicle to visit clients and to make regular court appearances. Rick owns a BMW 340i M-Sports which he purchased on 5 March 2018 for $77,180. The registration number is AYB219. Rick informs you that he has maintained a logbook for a consecutive twelve-week! period during the 2018 income year. At the end of the twelve weeks, the logbook revealed that Rick travelled a total of 6,400 kilometres, of which 2.048 were work- related. Rick tells you that this pattern of use is still relevant for the current year. At 30 June 2018, the odometer shows a total of 7,068 kilometres representing the total distance travelled for the 118 days from 5 March 2018 to 30 June 2018, At 30 June 2019, Rick advises you that the closing odometer reading of the car was 28,931 kilometres and that there was no significant or material change in business usage during the 2019 financial year from the prior yearStep by Step Solution
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