Use the Information Below to Answer the Following Questions

question 12

Multiple Choice

Use the information below to answer the following questions.
Norman Ltd purchased a motor vehicle for $45,000 on 1 July 2009. The vehicle was expected to have a 4-year life and a $13,000 trade-in value, and was expected to be driven for 160,000 km. The financial period ends on 30 June.
-Assuming Norman Ltd used the reducing balance method of depreciation and a rate of 40%,the net book value at 30 June 2012 was:

• A) $9720
• B) $16 200
• C) $35 280
• D) none of the above.

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