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Calculate the book value of the ute toyota

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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 book value (written down value) of the Ute Toyota at 30 June 2019 if using straight line method of depreciation (assume financial year 1 July - 30 June)

a. None of the options is correct

b. $16,000

c. $10,000

d. $40,000

e. $11,500.

Reference no: EM132510652

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