Question
1. A machine costing RM30000 has a life expectancy of four years and zero salvage value. Using the straight line method, calculate the annual depreciation.
1. A machine costing RM30000 has a life expectancy of four years and zero salvage value. Using the straight line method, calculate the annual depreciation.
2. A firm bought a machine for RM5000. The machine is expected to be obsolete in four years with a salvage value of RM1000. Find the book value of the machine after three years using the straight line method.
3. A firm bought a machine for RM5000. The machine is expected to be obsolete in four years with a salvage value of RM1000. Find the book value of the machine after three years using the straight line method.
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