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Mentari Berhad bought a building on 1.1.2016 at a cost of RM300,000. The building has no residual value and its useful life 31.12.2020, the building
Mentari Berhad bought a building on 1.1.2016 at a cost of RM300,000. The building has no residual value and its useful life 31.12.2020, the building has a fair value of RM270,000. The company used revaluation model (accumulated depreciation is of the following is correct as at 31.12.2020? a. Depreciation expenses for the building for the year ended 31.12.2020 is RM15,000 O b. Depreciation expenses for the year ended 31.12.2020 is RM60,000 O c. Debit PPE- Building RM75,000 O d. PPE- building account that appears in the Statement of Financial Position as at 31.12.2020 is RM300,000 Clear my choice on 1.1.2016 at a cost of RM300,000. The building has no residual value and its useful life is 20 years. On value of RM270,000. The company used revaluation model (accumulated depreciation is eliminated). Which 12. 2020? the building for the year ended 31.12.2020 is RM15,000 the year ended 31.12.2020 is RM60,000 -,000 t appears in the Statement of Financial Position as at 31.12.2020 is RM300,000
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