Motor Vehicles Are Shown in the Statement of Financial Position

question 57

Multiple Choice

Motor vehicles are shown in the statement of financial position of Yong Ltd as: $\begin{array}{lll}& 2017 & 2018 \\\text { Motor Vehicles at Cost } & \$ 83,000 & \$ 95,000 \\\text { Less Accumulated Depreciation } & \$ 10,000 & \$ 15,000 \\\text { Carrying Value }& \$ 73,000 & \$ 80,000\end{array}$ Assuming that no vehicles were sold, the value of vehicles purchased during 2015 was:

• A)$7 000
• B)$12 000
• C)$5 000
• D)$17 000

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Definitions:

Unregulated Care Provider

An individual offering health or care services without formal regulation or oversight by governmental or professional bodies.

Critical Thinking Skill

The ability to objectively analyze and evaluate an issue in order to form a judgment.

Nonpharmacological

Refers to treatments or interventions not involving medications, often used to complement traditional treatments or manage symptoms.

Pharmacological

Pharmacological pertains to the branch of medicine that focuses on the uses, effects, and modes of action of drugs.