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Please help me i will give good rating (a) Azran wants to sell a jeep which has been used for eight years. The vehicle costed
Please help me i will give good rating
(a) Azran wants to sell a jeep which has been used for eight years. The vehicle costed him RM62000 when it is was purchased brand new. The jeep is estimated to have a scrap value of RM8000 after 15 years. He asked two agents to sell his vehicle. Agent A uses the straight-line method to calculate depreciation while agent B uses the declining balance method. Which agent should Azran choose to sell his jeep? (12 Marks) Given the following information on an asset. Book value at the end of third year = RM 11763 Estimated useful life of the asses = 20 years Accumulated depreciation at the end of the 20th year = RM 13400 By using sum of the year digit method. Determine the original cost and salvage value of the asset. (13 marks) (b) (a) Azran wants to sell a jeep which has been used for eight years. The vehicle costed him RM62000 when it is was purchased brand new. The jeep is estimated to have a scrap value of RM8000 after 15 years. He asked two agents to sell his vehicle. Agent A uses the straight-line method to calculate depreciation while agent B uses the declining balance method. Which agent should Azran choose to sell his jeep? (12 Marks) Given the following information on an asset. Book value at the end of third year = RM 11763 Estimated useful life of the asses = 20 years Accumulated depreciation at the end of the 20th year = RM 13400 By using sum of the year digit method. Determine the original cost and salvage value of the asset. (13 marks) (b)Step by Step Solution
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