7. A company's trade payables account at 30 September 2019 is as follows: TRADE PAYABLES ACCOUNT Cash at bank Balance c/d 22,600 20,900 43,500 Balance b/d Purchases 24,000 19,500 43,500 What was the balance for trade payables in the trial balance at 30 September 2019? A. RM24,000 Dr B. RM24,000 Cr 8. C. RM20,900 Dr D. RM20,900 Cr A machine with a cost of $130,000 has an estimated residual value of $5,000 and an estimated life of 6 years. What is the amount of depreciation for the third full year, using the reducing-balance method at 40%? 9. A. $21,666 B. $18,000 C. $18,720 D. $20,833 A non-current asset's estimated value at the time it is to be retired from service is called A. book value B. residual value C. market value D. carrying value 10. Deferred income is revenue that is A. earned and the cash has been received B. ABCD D. earned but the cash has not been received not earned and the cash has not been received not earned but the cash has been received