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Blackboard Remaining Time: 1 hour, 53 minutes, 44 seconds. Question Completion Status: Jasmine Sdn. Bhd applies the same policy to its fixed assets over years.
Blackboard Remaining Time: 1 hour, 53 minutes, 44 seconds. Question Completion Status: Jasmine Sdn. Bhd applies the same policy to its fixed assets over years. Which accounting principle does this apply? O Accruals O Comparability O Business entity O Money measurement 4 QUESTION 13 Jasmine reports the company profit without accounting for expenses of rental. Which of the following is the effect of the above on gross profit? Gross profit is not affected but net profit is understated O Gross profit, as well as net profit, are overstated. O Gross profit, as well as net profit, are understated O Gross profit is not affected but net profit is overstated G3 QUESTION 14 A machine acquired for RM360,000 on 1st April 2016 and depreciated at 10% of the cost per annum was sold for RM112,000 on 30th September 2021 Depreciation is time apportioned Expenses of disposal amounted to RM3,000. What is the gain or loss on disposal of the machine to be reported in? O RM53,000 gain O RM53,000 loss O RM161,000 gain O RM161,000 loss Click Save and Submit to save and submit. Click Save All Answers to save all answers Esc F1 F2 F3 FA 4x 40 144 FS
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