13: The activities of DEF Ltd. for the year ended 31 December 2022 are listed: What is the annual gross profit?

Hint: Consider the calculation of the Gross Profit.

A. RM 121,300

B. RM 272,000

C. RM 394,000

D. RM 406,000

14: The activities of DEF Ltd. for the year ended 31 December 2022 are listed: What is the annual net profit (profit for the year)?

Hint: Consider the calculation of the Net Profit

A. RM 121,300

B. RM 272,000

C. RM 394,000

D. RM 406,000

15: ABC Ltd. purchased a machine in 2018 for RM300,000. The machine is expected to have a useful life of 5 years. What is the depreciation expense in Year 2 when the machine is depreciated using the straight-line method?

Hint: Consider the calculation of straight-line depreciation.

A. RM 60,000

B. RM 120,000

C. RM 180,000

D. RM 240,000