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On 1 January 2016, Pok Tuyu Bhd. acquired a plant at a cost of RM400,000 whose estimated useful life is ten years with no residual
On 1 January 2016, Pok Tuyu Bhd. acquired a plant at a cost of RM400,000 whose estimated useful life is ten years with no residual value. On 1 July 2018, a major component, whose initial cost is RM100,000 and which is depreciated at 10% per annum is replaced with a new component at a cost of RM120,000. There is no change in the estimated useful life of the plant. The carrying amount of the plant on 1 July 2018 after the replacement of the part will be: Select one: o a RM400,000 - depreciation RM100,000 - RM75,000 + RM120,000 = RM345,000 O b. RM400,000 - RM120,000 + RM120,000 = RM400,000 c. RM400,000 - depreciation RM80,000 + RM120,000 = RM440,000 O d. RM400,000 - RM80,000 - RM80,000 + RM 120,000 = RM360,000 The following information is about a machine in RXY Berhad. It will be repeated in TL questions: Acquisition date Cost Price (RM) Residual Value (RM) Useful Life Basis of Measurement Depreciation method Accounting year end Feb 28 2020 Machine 1 July 2019 120,000 0 5 years Cost Model Reducing balance-rate of 20% 31 December every year purchased a new component to the machines increase the performance, RM80,000 cash. As a result, the rate of depreciation was reduced to 15%. Determine the carrying amount of the machine as at 28 February 2020, after the new component was purchased: Select one: O a. RM104,400 O b. RM184,400 Engl USK . RM120,000 To SV Useful Life Basis of Measurement Depreciation method Accounting year end Feb 28 2020 5 years Cost Model Reducing balance-rate of 20% 31 December every year purchased a new component to the machines to increase the performance, RM80,000 cash. As a result, the rate of depreciation was reduced to 15%. Determine the carrying amount of the machine as at 28 February 2020, after the new component was purcha Select one: ho O a. RM104,400 O b. RM184,400 O c. RM120,000 O d. RM108,000
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