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What the amount of depreciation charged for the year

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Reference no: EM132983256

A retailer purchased a delivery wagon for $21 000 on 1 July 2014. It was planned to keep the vehicle until it had done 60 000 kilometres and then to trade it in. The expected trade in value was $6000.

Schedule of actual distance travelled was:

30/6/15 20 000 km
30/6/16 15 000 km
30/6/17 15 000 km
30/6/18 10 000 km

Problem 1: Using the units-of-production method the amount of depreciation charged for the year ended 30 June 2018 was:

Select one:
a. $3750.
b. $3500.
c. $2500.
d. $5000.

Reference no: EM132983256

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