Delta Ltd Purchased a Motor Vehicle for $45 000 on 1

Multiple Choice

Delta Ltd purchased a motor vehicle for $45 000 on 1 January 2016.The vehicle was expected to have a life of three years and an estimated disposal value of $15 000.The straight-line method of depreciation is employed and the financial year ends on 30 June.
-What was the depreciation expense for year ended 30 June 2016?

A) $5000
B) $7500
C) $10 000
D) $15 000