A Retailer Purchased a Delivery Wagon for $21 000 on 1

question 13

Multiple Choice

A retailer purchased a delivery wagon for $21 000 on 1 July 2010.It was planned to keep the vehicle until it had done 60 000 kilometres and then to trade it in.The expected trade in value was $6 000.
Schedule of actual distance travelled was: $$\begin{array} { l l } 30 / 6 / 11 & 20000 \mathrm {~km} \\30 / 6 / 12 & 15000 \mathrm {~km} \\30 / 6 / 13 & 15000 \mathrm {~km} \\30 / 6 / 14 & 10000 \mathrm {~km}\end{array}$$
Using the units-of-production method the amount of depreciation charged for the year ended 30 June 2014 was:

• A)$3750
• B)$3500
• C)$2500
• D)$5000

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Definitions:

Photosynthesis

The process by which green plants and some other organisms use sunlight to synthesize foods from carbon dioxide and water, producing oxygen as a byproduct.

Chlorophyll

A group of light-trapping green pigments found in most photosynthetic organisms.

Photosynthesis

The method through which certain green plants and other entities utilize sunlight to create nutrients from carbon dioxide and water, with oxygen being emitted as an incidental product.

Gas Exchange

The biological process through which different gases (like oxygen and carbon dioxide) are transferred in opposite directions across an organism's respiratory surfaces.