Multiple Choice
A retailer purchased a delivery wagon for $21 000 on 1 July 2010.It was planned to keep the vehicle until it had done 60 000 kilometres and then to trade it in.The expected trade in value was $6 000.
Schedule of actual distance travelled was:
Using the units-of-production method the amount of depreciation charged for the year ended 30 June 2014 was:
A) $3750
B) $3500
C) $2500
D) $5000
Correct Answer:

Verified
Correct Answer:
Verified
Q8: The statement relating to depreciation that is
Q9: How many of these are ways in
Q10: When examining an external financial report a
Q11: Sentosa has acquired manufacturing equipment and
Q13: On what basis would the costs of
Q15: PSU Enterprises purchased a small timber
Q16: If the straight-line method of depreciation rather
Q17: The statement that best describes the nature
Q18: How many of these factors will have
Q34: Which of the following not is an