On 1 January 2015,a New Motor Vehicle with a Useful

Multiple Choice

On 1 January 2015,a new motor vehicle with a useful life of four years and an estimated trade-in value of $12 000 was purchased by a business for $54 000.The straight-line method is employed and the financial year ends on 31 December.
-What was the depreciation expense for year ended 31 December 2016?

A) $5250
B) $10 500
C) $13 500
D) $21 000