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Use the Information Below to Answer the Following Questions

Question 25

Multiple Choice

Use the information below to answer the following questions.
Norman Ltd purchased a motor vehicle for $45,000 on 1 July 2009. The vehicle was expected to have a 4-year life and a $13,000 trade-in value, and was expected to be driven for 160,000 km. The financial period ends on 30 June.
-Assuming Norman Ltd used the straight-line method of depreciation,the accumulated depreciation at 30 June 2011 was:


A) $8000
B) $16 000
C) $22 500
D) $24 000.

Correct Answer:

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