Solution-Calculate the depreciation expense at June

Calculate the depreciation expense at June

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Question - A business purchased a motor vehicle for $22,000 (GST inclusive i.e. $20,000 plus $2,000 GST) on 1 July 2016. The motor vehicle has an estimated residual value of $2,200 (GST inclusive i.e. $2,000 plus $200 GST) and a useful life of 100,000km. Using the Units of Production method, calculate the depreciation expense at 30 June 2017 if the motor vehicle travelled 10,000km in the year ending 30 June 2017.

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Calculate the depreciation expense at June : Using the Units of Production method, calculate the depreciation expense at 30 June 2017 if the motor vehicle travelled 10,000km in the year ending 30 June 2017

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Calculate the depreciation expense at June

Reference no: EM132516881

Reference no: EM132516881

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