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vodafone AU 4G 11:59 AM Ims.uwa.edu.au expenditures on day-to-day repairs and maintenance do not extond or enhance the life of the asset, such expenditures are expensed in the period in which they are incurred. 1 of 10 ise 144 Depreciation methods No GST Nevertire Lid purchased a delivery van costing 552 000 It is expected to have a residual value of $12 000 at the end of its useful life of 4 years or 200 000 kilometres. Ignore GST Required (a) Assume the van was purchasod on 2 July 2019 and that the accounting period ends on 30 June. Caculate the depreciation expense for the year 2019-20 using cach of the following depecciation methods: ii diminishing balance ili. units of production (assume the van was driven 78 000 kilometres during the financial year (b) Assume the van was purchased on 1 October 2019 and that the accounting period ends on 30 June. Calculate the depecciation expense for the year 2019-20 using cach of the felowing deprociation methods: ii. diminishing balance ili. units of production (assume the van was driven 60 000 kilometres during the financial year) Straight-line: ($$2 000-$12 000)4-$10000 12000 52000 -1-0.6931-0.3069 or 31% $52 000 x 0.31-$16 120 Expense per kilometre (52 000-$12 000)200 000-$02 0.2 x 78 000 S15 600 Straight-line: ($52 000-$12 000)4 9/12-57 500 .Diminishing balance: (352 000 0.31)x 9/12- $1200 si. Units-ofproduction: S0.2 x60000 $12 000

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