Multiple Choice
On 31 December 2014 a new motor vehicle with a life of five years and no estimated residual value was purchased by a business at a cost of $23 000, net of GST. The diminishing-balance depreciation method is employed. At a rate of 25% p.a. what is the carrying value of the motor vehicle at 31 December 2016 after charging depreciation for that year?
A) $9703
B) $15 000
C) $17 250
D) $12 937
Correct Answer:
Verified
Correct Answer:
Verified
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