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What is the cost of the asset for depreciation calculations

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Reference no: EM133028037

Question - A motor vehicle was purchased for $33,000 ($30,000 + $3,000 GST). Air conditioning was installed at a cost of $2,200 ($2,000 + $200 GST). Registration and insurance was $2,750 ($2,500 + 250 GST). What is the cost of the asset for depreciation calculations?

a. $32,000

b. $33,000

c. $34,500

d. $30,000

Reference no: EM133028037

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