Financial Accounting Urgent :

Foo Berhad is a trading company at Cheras, Kuala Lumpur. Its aurrent financial year-end is on 31 December 2020. Below are three (3) independent situations which happened in the When the estimated usefud life of an asset which was bought m 2011, was reviewed, it was discovered to be shorter dem expectal. The imitial useful life for the RN300.000 asset was 20 years with no scrap value. The balance of the Riewed useful life is now 5 years with no scrap value. It is the company's palia to provide full year dqreaation during the first year of purchase. Au invoice from the electricity company for RM 168.000 was captured as RM18.900 during the prior financial year. li was discovered that a femme brunch muza stole RM180.000 from a safe in me of the branches. The mong was from the wedly cal as for the branch. The thief could not be found. This theil was reported to the police. Ter edi d the shove events, state in accordance with VFRS108 Conges maderaumatong Policies, Changes Accorg Estimates and Ears, the relevant actions and the joumal s well as their nations for financial Year end 2020