Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

15 The following information is extracted from the books of Hajat & Co on 1 July 2015. Office equipment (cost) Accumulated depreciation RM68,000 RM18,800 RM49,200

image text in transcribed
15 The following information is extracted from the books of Hajat & Co on 1 July 2015. Office equipment (cost) Accumulated depreciation RM68,000 RM18,800 RM49,200 On 12 August 2015, a computer at the cost of RM18,000 is sold at RM15,100. The computer is bought on 30 April 2014. On 1 February 2016, the company buys two computers priced at RM9,800 each. The company policy is to depreciate office equipment at the rate of 15% annually using sfrang ht line :monthly basis You are required to prepare the following accounts on 30 June 2016: (a) Office equipment account. (b) Accumulated depreciation accourt. (c) Disposal account. 16 Abusiness selling clothes huvs two vehiclor on 1 Jon

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting For Executives And MBAs

Authors: Wallace, Simko, Ferris

4th Edition

1618531980, 9781618531988

More Books

Students also viewed these Accounting questions

Question

If equity is credited, which of the following situations occurred?

Answered: 1 week ago