need some help with exercise 1

These are rights or economic benefits that are not physical in nature. Examples are goodwill, patents, copyrights, franchises and trademarks. For intangible assets, the term amortization is used instead of depreciation to measure the reduction in their economic value. 125 Exercises 1. The following information is relating to Syarikat Poslaju Sdn. Bhd., a delivery company, for the year to 31 October 2019. Balance sheet (extract) at 31 October 2018 Vans, at cost Less: Depreciation to date Net Book Value RM 195,000 89,800 105,200 Registration no. Cost (RM) DAA101 38,000 DAB202 45,000 DAC303 50.000 DAD404 62,000 DAESOS 65,000 DAF606 70,000 Date Registration no. Sale Proceeds (RM) 30 Nov 2018 DAA101 13,500 31 July 2019 DAC303 25,000 30 Sep 2019 DAD404 49,600 Vans are depreciated at a rate of 20% per annum on cost. A full year's depreciation is charged in the year of purchase, but no depreciation is charged in the year of disposal. Required: Enter the above transactions in the following accounts for the year to 31 October 2019: a). Vans Account; 126 Syarikat Poslaju Sdn Bhd Vans Account RM RM 1/11/18 Bal b/d 195,000 30/11/18 Vans disposal a/c (i) (DAATUT) Purchases of vans: Date 1 Jan 2015 1 May 2016 1 Dec 2016 1 Aug 2018 1 Dec 2018 1 Aug 2019 Sales of vans