A business purchases a machine for RM60,000 on 1^stAugust 2017. It has an estimated value of RM10,000 and a useful life of five years. The machine was disposed on 30^thJune 2020

a.Calculate the depreciation for the year 2017, 2018, 2019 and 2020

b.Calculate the book value of the machine on the date of disposal.

A company purchases a van for RM50,000. The company estimates that the van will lose 40% of its value each year and will have a scrap value of RM10,000. Following the reducing balance method, calculate the depreciation and state the book value for the entire five year.

A caf bought a coffee making machine for RM24,000 on 1^stJan 2018 and estimated it can produce 48,000 cups of coffee for the entire working life with the condition that for every year, one part of the machine need to be replaced with the cost of RM3,000. The caf made 1600 cup of coffee in year 2018, 2760 cup of coffee in 2019 and 3160 cups of coffee in year 2020. Calculate the depreciation for year 2018, 2019 and 2020.

An asset bought at RM100,000. It has a useful life of four years and a salvage value of RM15,000. Calculate the depreciation for four years and state the book value for each of the year.