Motor vehicles are shown in the statement of financial position of Yong Ltd as: $\begin{array}{lll}
& 2017 & 2018 \
\text { Motor Vehicles at Cost } & \$ 83,000 & \$ 95,000 \
\text { Less Accumulated Depreciation } & \$ 10,000 & \$ 15,000 \
\text { Carrying Value }& \$ 73,000 & \$ 80,000
\end{array}$ Assuming that no vehicles were sold, the value of vehicles purchased during 2015 was:
A)$7 000
B)$12 000
C)$5 000
D)$17 000

Question

Motor vehicles are shown in the statement of financial position of Yong Ltd as: $\begin{array}{lll}
& 2017 & 2018 \
\text { Motor Vehicles at Cost } & \$ 83,000 & \$ 95,000 \
\text { Less Accumulated Depreciation }  & \$ 10,000 & \$ 15,000 \
\text { Carrying Value }& \$ 73,000 & \$ 80,000
\end{array}$ Assuming that no vehicles were sold, the value of vehicles purchased during 2015 was:
A)$7 000
B)$12 000
C)$5 000
D)$17 000

Quizplus · Accepted Answer

The Answer of Motor vehicles are shown in the statement of financial position of Yong Ltd as: $\begin{array}{lll}
& 2017 & 2018 \
\text { Motor Vehicles at Cost } & \$ 83,000 & \$ 95,000 \
\text { Less Accumulated Depreciation }  & \$ 10,000 & \$ 15,000 \
\text { Carrying Value }& \$ 73,000 & \$ 80,000
\end{array}$ Assuming that no vehicles were sold, the value of vehicles purchased during 2015 was:
A)$7 000
B)$12 000
C)$5 000
D)$17 000

Motor Vehicles Are Shown in the Statement of Financial Position