Create a depreciation worksheet

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Question - Andrew's Slabs bought a delivery truck on 1/7/2015. It cost $33,000 (including GST), and it was decided to depreciate it at 30%.

At the end of the financial year, on 30/06/2017, the balance of the accumulated depreciation of the truck was $15,300.

The truck was traded in for a new one.

On 31/03/2018 Andrew traded it in for a new delivery truck. He received $8,800 for the trade in, and he paid the balance, $44,000, in cash. All figures included GST.

Andrew's Slabs uses the diminishing balance method.

Create a depreciation worksheet for 2016 and 2017. Show your calculations.

Reference no: EM132978126

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