Norman Ltd purchased a motor vehicle for $45 000 on 1 July 2015. The vehicle was expected to have a four-year life span. The financial period ends on 30 June. Assuming Norman Ltd used the reducing...

Norman Ltd purchased a motor vehicle for $45 000 on 1 July 2015. The vehicle was expected to have a four-year life span. The financial period ends on 30 June. Assuming Norman Ltd used the reducing balance method of depreciation and a rate of 40 per cent, thedepreciation expense for the year ending 30 June 2017 is: