Use the Information Below to Answer the Following Questions

question 19

Multiple Choice

Use the information below to answer the following questions.
Delta Ltd purchased a motor vehicle for $45,000 on 1 January 2011. The vehicle was expected to have a life of 3 years and an estimated disposal value of $15,000. The straight-line method of depreciation is employed and the financial year ends on 30 June.
-What was the depreciation expense for year ended 30 June 2011?

• A) $15 000
• B) $10 000
• C) $7500
• D) $5000.

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Definitions:

Manufacture Goods

Products that have been processed or transformed from raw materials into finished goods ready for sale.

MDG Concerns

Pertains to issues or matters that directly impact the progress or achievement of the Millennium Development Goals, which are a set of eight global development targets.

Gender Equality

The state of equal access to resources and opportunities regardless of gender, including economic participation and decision-making.

Investment Opportunities

Options available to individuals or firms to allocate capital with the expectation of generating financial returns.