Question
John trading bough two assets on 1 january 2021. Details of the assets are as follows: No Van vehicle Camera 1 Purchase value RM 50,000
John trading bough two assets on 1 january 2021. Details of the assets are as follows:
| No |
| Van vehicle | Camera |
| 1 | Purchase value | RM 50,000 | RM 10,000 |
| 2 | Scrap value | RM- | RM- |
| 3 | Depreciation rate/useful life | 25% | 3 Years |
| 4 | Depreciation method | Reducing balance | Sum of Digit |
Prepare Van and camera depreciation account as at 31 December 2021 and also at 31 December 2022.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Managerial Accounting Tools For Business Decision Making
Authors: Jerry J. Weygandt, Paul D. Kimmel, Jill E. Mitchell
9th Edition
111970958X, 9781119709589
