A Motor Vehicle, Which Had a Carrying Amount at the End

question 44

Multiple Choice

A motor vehicle, which had a carrying amount at the end of the financial year 2011/12 of $18 000, was disposed of on 1 November 2012. Depreciation was calculated on the vehicle at 20% per annum using the diminishing-balance method. What was the depreciation expense charged for the first 4 months of the financial year 2012/13, before the asset was sold?

• A) $18 000
• B) $0
• C) $3600
• D) $1200

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Definitions:

Causal Relationship

A connection between two events where one is understood to be directly responsible for causing the other.

IRB

IRB (Institutional Review Board) is a committee established to review and approve research involving human subjects, ensuring that the research is ethical and the rights and welfare of participants are protected.

Binomial Effect Size Display

A method for displaying and understanding more clearly the magnitude of an effect reported as a correlation, by translating the value of r into a 2 × 2 table comparing predicted with obtained results.

Correlation Coefficients

Statistical measures that indicate the strength and direction of a relationship between two variables.