On 1 January 2015,a New Motor Vehicle with a Useful

question 26

Multiple Choice

On 1 January 2015,a new motor vehicle with a useful life of four years and an estimated trade-in value of $12 000 was purchased by a business for $54 000.The straight-line method is employed and the financial year ends on 31 December.
-What was the depreciation expense for year ended 31 December 2016?

• A) $5250
• B) $10 500
• C) $13 500
• D) $21 000

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The process of growth and progression in one's professional life, often involving education, training, and work experience.

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