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Karim Printing and Supplies has been operated for the past 3 years and close their account every 31 December. In January 2020, Karim Printing and

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Karim Printing and Supplies has been operated for the past 3 years and close their account every 31 December. In January 2020, Karim Printing and Supplies bought a new industrial printer. Details of the industrial printer as per below. Flag question Calculate the accumulated depreciation after 3 years. Select one. a RM45,000 b. RMIB,000 c. RM27,000 d. RM42,000 Which of the following statements are the causes for depreciation? i) Physical deterioration ii) Depletion iii) Time value of money iv) Economic factors Select one a. i, ii and iv b. i,il and iii c.i, iii and iv d ii, iii and iv Karim Printing and Supplies has been operated for the past 3 years and close their account every 31 December. In January 2020, Karim Printing and Supplies bought a new industrial printer. Details of the industrial printer as per below. Calculate the net book value at the end of year 3 . Select one a. RM42,000 b RM33,000 c. RM18,000 d PMIS,000 Which of the following statements are the factors that affect the choice of inventory valuation? i) Lack of information because no proper records ii) To make the business look attractive with high stock valuation iii) Convenience as it is the easiest method iv) Follow advise by tax regulator Select one: a. i, ii and iv b. i, ii and iii cii, iii and iv d. i, iil and iv Gross profit derived from sales deduct return outwards. Select one: True False J. Lo Bookstore located in Kuala Lumpur. The business' financial year ends on 30 June 202l. Below are the detaits of Chill Caf inventory records. Calculate the closing inventory using Last in, First Out method. Select one. a. RM13,125 b. RM10,500 c. RMIS.000 d RMIO,000

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