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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