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

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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: 30/6/1120000 km30/6/1215000 km30/6/1315000 km30/6/1410000 km\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:

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Definitions:

Hypothesis Testing

A method in statistics to determine whether there is enough evidence in a sample of data to infer that a certain condition is true for the entire population.

Population Parameters

The actual values that describe characteristics of an entire population, such as mean, variance, and standard deviation.

Null Hypothesis

A hypothesis in statistics that proposes no significant difference or effect, serving as the default assumption to be tested.

Alternative Hypothesis

The Alternative Hypothesis is the hypothesis that there is a significant difference or effect, opposed to the null hypothesis in statistical testing.

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