Question
Pantas Sdn. Bhd. trades-in used Nissan Almera for a new Proton Saga. The Nissan Almera was bought at RM72,000; carrying amount is RM56,000 and the
Pantas Sdn. Bhd. trades-in used Nissan Almera for a new Proton Saga. The Nissan Almera was bought at RM72,000; carrying amount is RM56,000 and the market value is RM65,000 at the time of the trade-in. The new Proton Saga has a market value of RM50,000.
How much is the cost of the Proton Saga based on MFRS116?
Select one:
A. RM50,000
B. RM56,000
C. RM72,000
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Financial Accounting
Authors: Jan Williams, Susan Haka, Mark S Bettner, Joseph V Carcello
17th edition
978-1259692390
