A-LevelAccountingAccounting for non-current assets9706/12 · Oct/Nov 2025 · Q51 Mark
Y Limited purchased a motor van and incurred the following expenditure at the beginning of the year. $ motor van 50 000 delivery of motor van 4500 upgrading the engine 6000 2-year maintenance contract 4000 annual licence fee 1200 The motor van is to be depreciated at 20% using the straight-line method. What is the total amount of expenses to be included in the statement of profit or loss for the year?
A$14340
B$15300
C$17300
D$20 100
✓ Correct answer
B: $15300
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