On 31 December 2017, a New Motor Vehicle with a Useful

question 70

Multiple Choice

On 31 December 2017, a new motor vehicle with a useful life of five years and an estimated residual value of $5,000 was purchased by a business at a cost of $35,000. The amount of depreciation expense charged for the six months ended 30 June 2018, using the straight-line method, is:

• A)nil.
• B)$3,000.
• C)$25,000.
• D)$4,000.

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Definitions:

Clang

A rhyme used by some people with schizophrenia as a guide to forming thoughts and statements.

Neologisms

Newly coined words, expressions, or usages that may be created by individuals in various contexts, including linguistics, literature, and mental health disorders.

Delusions of Control

False beliefs that one's thoughts, feelings, or actions are being controlled by external forces.

Perseveration

The repetitive and continuous fixation on a specific thought, action, or emotion, despite attempts to change or divert it.