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

Multiple Choice

Norman Ltd purchased a motor vehicle for $45 000 on 1 July 2017. The vehicle was expected to have a four-year life span. The financial period ends on 30 June. Assuming Norman Ltd used the reducing balance method of depreciation and a rate of 40 per cent, the balance of the accumulated depreciation account at 30 June 2019 was:

A) $10 800.
B) $18 000.
C) $28 800.
D) None of the above.