Multiple Choice
Use the information below to answer the following questions.
Delta Ltd purchased a motor vehicle for $45,000 on 1 January 2011. The vehicle was expected to have a life of 3 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 balance of the accumulated depreciation account at 30 June 2012?
A) $10 000
B) $15 000
C) $20 000
D) $25 000.
Correct Answer:
Verified
Correct Answer:
Verified
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