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please answer faster within 11.00 am today A business started operation in 2016. The following transaction were recorded in years 2016,2017 and 2018. 2016 February
please answer faster within 11.00 am today
A business started operation in 2016. The following transaction were recorded in years 2016,2017 and 2018. 2016 February 3 Amount RM100,000 March 25 August 7 September 10 Purchase motor van no WMG1012 Purchased furniture Purchase fixture and fittings Purchased equipment RM25,000 RM35,000 RM60,000 2017 March 2 April 9 June 24 July 4 Sold motor WMG1012 Bough motorcar WNN3452 Bought motor van WMQ8823 Bought equipment RM75,000 RM90,000 RM110,000 RM15,000 2018 May 23 Sold WNN 3452 RM75,000 You are required to calculate the depreciation charges for 2016,2017 and 2018 at 10% per annum using the reducing balance method on a month-to-month basis. Ownership of less than 15 days in any given month is considered not owned during monthStep by Step Solution
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