Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

b. On 1 January 2020, Berjaya Berhad bought a machine for RM95,200 on credit from Semangat Berhad. The machine was expected to be used for

b. On 1 January 2020, Berjaya Berhad bought a machine for RM95,200 on credit from Semangat Berhad. The machine was expected to be used for 10 years using the straight line method with no scrap value. On 10 January 2022, the machine was sold for RM55,500 cash. Ignore depreciation in the year of sale. Required: Prepare the following accounts for the year ended 31 July 2022: a) Machine. b) Accumulated depreciation - machine. c) Machine disposal. (2 marks)

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

Step: 3

blur-text-image

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

Managerial Accounting Strayer University

Authors: Strayer University

3rd Custom Edition

0077234804, 978-0077234805

More Books

Students also viewed these Accounting questions