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How much is depreciation each full year

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A motor vehicle was purchased on 31 March 2017 for $110,000 excluding GST. It has an expected useful life of 5 years. Depreciation is using the straight-line method. The motor vehicle is expected to have a residual value of $10,000. Balance day is 30 June each year:

Problem 1: How much is depreciation each full year?

Problem 2: How much is depreciation on 30 June 2017?

Reference no: EM132776771

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