Motor vehicles are accounted for at cost and are written off over their useful life of 50 years on a straight-line basis. Land and buildings are accounted for at cost, and the buildings are written off over their useful life of 50 years on a straight-line basis. Copyright is accounted for at cost and are not amortisation as the assets can be used forever. Buildings are accounted for at cost forever. QUESTION 8 Jessica Co marks up the selling price by 150%. The opening inventory is RM100,000; current year purchases and sales are RM350,000 and RM1,000,000. The closing stock all stolen. Calculate the value of closing stock for this company. RM50,000 RM150,000 RM200,000 RM100,000 QUESTION 9 Which of the following companies woultrqualify to be regarded as subsidiaries of Jessica? Jade Co in which Jessica has 50% of the shareholding but no place on the board of directors Jay Co in which Jessica has 16% of the shareholding and a place on the board of directors. Jenn Co in which Jessica holds 50% of the shareholding and all places on the board of directors. Jess Co in which Jessica has 35% of shareholding and two places on the board of directors Click Save and Submit to save and submit. Click Save All Answers to save all answers