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Calculate the accumulated depreciation on June

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Question - Vittorio started a landscaping business on 1 July 2016 and purchased a Ute Toyota for $46,000. He estimated the useful life of 4 years and an estimated residual value of $6,000 at the end of its useful life. Calculate the accumulated depreciation on 30 June 2019 if using straight line method of depreciation (assume financial year 1 July - 30 June).

a. $11,500

b. $30,000

c. $34,500

d. $10,000

e. None of the options is correct

Reference no: EM132768736

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