Company XYZ purchased the following non current assets:

a) Office Equipment costing RM20,000 on 1 January 2017.

b) Motor Vehicle costing RM50,000 on 1 July 2018.

The assets are depreciated as follows :

a) Office Equipment depreciates using straight line method at 20% per annum.

b) Motor Vehicle depreciates using reducing balance method using 10% per annum.

All the assets were bought by paying cheque. Depreciation is provided from the date of purchases. The companys financial year ends at 31 December.

Required to prepare :

a) Office Equipment account for the year ended 31 December 2017, 2018 and 2019. (4 marks)

b) Motor Vehicle Account for the year ended 31 December 2017, 2018 and 2019. (3 marks)

c) Accumulated Depreciation For Office Equipment for the for the year ended 31 December 2017, 2018 and 2019. (7 marks)

d) Accumulated Depreciation for Motor Vehicle for the year ended 31 December 2017, 2018 and 2019. (6 marks)

e) Statement of Financial Position (extract) for the year ended 31 December 2017, 2018 and 2019. (5 marks)