Brianna Ltd acquires a delivery truck at a cost of $96 600 (GST exclusive) on 1 January
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Brianna Ltd acquires a delivery truck at a cost of $96 600 (GST exclusive) on 1 January 2016, the beginning of the company’s financial year. The truck is expected to have a residual value of $4000 at the end of its 5-year useful life. Calculate annual depreciation for the first and second years using the straight-line method.
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Authors: Shirley Carlon, Rosina Mladenovic Mcalpine, Chrisann Palm, Lorena Mitrione, Ngaire Kirk, Lily Wong
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