On 1 January 2018 Kettle Ltd acquired a vehicle at a cost of $30,000, with...
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Accounting
On 1 January 2018 Kettle Ltd acquired a vehicle at a cost of $30,000, with a useful life of 6 years, and no residual value. Kettle Ltd depreciates vehicles using a straight line method (end of year 30 June).
On 1 January 2021 Kettle Ltd incurred $5,000 in costs to replace parts on the vehicle, extending its useful life by 2 years, and giving it a residual value of $2,000
On 2 January 2021, the depreciable amount of the vehicle is:
Select one:
a.
$18,000
b.
$20,000
c.
$33,000
d.
$36,000
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