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 balance of the accumulated depreciation account at 30 June 2017?

A) $10 000
B) $15 000
C) $20 000
D) $25 000