Problem -

Duckling Ltd purchased and delivery van costing $32, 000 net of GST. It is expected to have a residual value of $12,000 at the end of its useful life of 4 years or 200 0000 kilometres.

1.  Assume the van was purchased on 2 July 2014 and that the accounting period ends on 30 June. Calculate the depreciation expense for the year 2014-2015 using each of the following depreciation methods: Sum-of-the years digits

2. Assume the van was purchased on 1 October 2014 and that the accounting period ends on 30 June. Calculate the depreciation expense for the year 2014-2015 using each of the following depreciation methods: Sum-of-the years digits