Question

In: Accounting

1. Jacques Ltd purchased a computer for $4500 on 1 July 2015. It had an estimated...

1.

Jacques Ltd purchased a computer for $4500 on 1 July 2015. It had an estimated useful life of three years. It was depreciated using the straight-line method. The financial year ends on 30 June. What was the accumulated depreciation at 30 June 2017?

A.

$0

B.

$1500

C.

$3000

D.

$4500

2.

On 1 January 2015, a new motor vehicle with a useful life of four years and an estimated trade-in value of $12 000 was purchased by a business for $54 000. The straight-line method is employed and the financial year ends on 31 December. What was the depreciation expense for year ended 31 December 2016?

A.

$5250

B.

$10 500

C.

$13 500

D.

$21 000

On 1 January 2015, a new motor vehicle with a useful life of four years and an estimated trade-in value of $12 000 was purchased by a business for $54 000. The straight-line method is employed and the financial year ends on 31 December. What was the accumulated depreciation at 31 December 2017?

A.

$21 000

B.

$31 500

C.

$42 000

D.

$52 500

please explain the reason

Solutions

Expert Solution

ekkarill92 answered 2 years ago
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