On 1 July 2019 Tiam, the owner of Koh Pee Tiam Restaurant bought a new water boiler for RM2,800 on account. The installation charges of RM200 and repair to the exhaust fan of RM150 was paid in cash. It is expected to last 5 years and the residual value is RM800. REQUIRED: (a) Show the necessary journal entries for the July 1, 2019 transactions (3 marks) (b) Calculate the depreciation for the water boiler at 31 March 2020. (2 marks) (e) Show the journal entries to record the depreciation in (b). (2 marks) Tiam took up a 14-year franchise offer for a new coffee flavor. A special coffee machine with a useful life of twenty years was purchased for making this flavor. At the end of the franchise, the coffee machine will be sold. REQUIRED: (d) Over how many years should the coffee machine be depreciated? Explain your answer. (3 marks) A-TOMI Bracelet is a new product that auto sanitise the users' hands. It was launched on 29 February 2020 after the Covid-19 virus pandemic. Tiam bought and sold this bracelet since it was launched. The selling price is at RM350 each. On 1 April 2020, it had 350 units in inventory at a cost of RM200 each. The business uses the periodic inventory system, Summary of Purchases and Sales of A-TOMI Bracelet in April 2020 Date Purchases Sales Apr. 9 100 units X RM210 12 200 units 18 150 units X RM220 24 250 units 29 2 00 units X RM230 REQUIRED: (e) Calculate the inventory cost (at 30 April 2020) and the cost of goods sold (for April 2020) using the following methods: (1) First-in, first-out (ii) Weighted average cost (4 marks) (f) Assuming perpetual inventory system is used, prepare the journal entries for the transaction on 12 April 2020. Whenever Tiam receives new arrival of the bracelets, they are taken directly to the stockroom. Tiam uses the vendor's invoice to record the amount of inventory received. (4 marks) REQUIRED: (g) State whether the above procedure practiced by Tiam is appropriate or inappropriate. Explain your answer. (2 marks)