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A Motor Vehicle, Which Had a Carrying Amount at the End

question 44

Multiple Choice

A motor vehicle, which had a carrying amount at the end of the financial year 2011/12 of $18 000, was disposed of on 1 November 2012. Depreciation was calculated on the vehicle at 20% per annum using the diminishing-balance method. What was the depreciation expense charged for the first 4 months of the financial year 2012/13, before the asset was sold?


Definitions:

Repressed Feelings

Emotions or thoughts that have been unconsciously blocked from consciousness due to being perceived as unacceptable or threatening.

Inner Conflicts

Psychological struggles within oneself, often arising from competing desires, beliefs, or needs.

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The study of how drugs affect mood, sensation, thinking, and behavior.

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