BlueWhitePanda (BWP) Bhd is a food delivery service company. BWP provides easy smartphone app or the website and riders to bring ordered food to the customers. The company's motto \"Satisfy your craving, just click and we serve to your doorstep\" has received overwhelming responses. The operation of food delivery service is substantially relied on the efcient riders and a good apps system. Due to the high-turnover of riders in the same industry, BWP must ensure that their riders satised with the company's system and wages. Thus, BWP provides intensive training and pay their riders higher compared to its competitors. The management of BWP has placed the priority to their riders and regards them as the company's valuable asset. Passionate for growth, as a young company, BWP is in its effort to attract more investors to expand the business. For that, BWP presented in its nancial statements of 2019 the forecast of food ordered for 2020. Food ordered is dened as the total food sales using order apps and delivery services by BWP. However, BWP will only receive 25 cents on each RMl of food ordered. Early this year, BWP purchased a piece of land at a cost of RM200,000. Within six months, BWP made the land ready for sale by spending RM50,000 to improve the land condition. At the end of the accounting year, the land worth RM350,000. BWP recognized revenue of RM150,000, less the expense of RMS 0,000, for a net income of RMlO0,000. However, the land has not been sold. The income of BWP for 2018 decreased by 25% and BWP had so much worries as it considered as low. Therefore, BWP switched its depreciation method from accelerated depreciation method to straight-line basis for 2019 as a way to report lower expenses which resulted in higher income for 2019. In 2020, the company switched back to the accelerated depreciation method. BWP Bhd year end is on 3] December