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Cameo Sdn. Bhd. (Cameo) purchases a machine for RM15,000 on 1 April 20X1. After incurring transportation costs of RM1,300, renovation to locate the machine of
Cameo Sdn. Bhd. (Cameo) purchases a machine for RM15,000 on 1 April 20X1. After incurring transportation costs of RM1,300, renovation to locate the machine of RM1,200 and spending RM2,500 on installing the machine, it breaks down and costs RM600 to repair. Depreciation is charged at 10% per annum. The carrying amount of the machine shown in Cameo's statement of financial position at 31 December 20x1 is [A]
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