Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

previous answers were partially correct pls help me and refer previous solutions tq Weprodius Company is a middle size manufacturing company located at Jalan Kelang.

image text in transcribed

previous answers were partially correct pls help me and refer previous solutions tq

Weprodius Company is a middle size manufacturing company located at Jalan Kelang. The company just purchased an intelligent robot for its manufacturing line for RM520000 from Germany. The RM520000 inclusive of the transportation cost of RM46000 and import duty cost of RM104000. Since the robot is unique in its capabilities, the company paid RM30000 to an expert to teach its staff on how to operate the robot. In addition the company spends RM19000 per year in the maintenance and operation of the robot. The robot is expected to be used for 4 years with an estimated salvage value of RM73000 at the end of its useful life. a) Determine the cost basis of the robot purchased Format : 220000 b) Straight Line depreciation method Determine the DEPRECIATION at Year 3 Format : 338570 c) Straight Line depreciation method. Determine the BOOK VALUE at Year 3 Format : 235760 d) Declining Balance method. Determine the DEPRECIATION expense at Year 3 Format : 40450 e) Declining Balance method. Determine the BOOK VALUE at Year 3 Format : 245080

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Internal Control A Managers Journey

Authors: K. H. Spencer Pickett

1st Edition

0471402508, 978-0471402503

More Books

Students also viewed these Accounting questions

Question

Calculate AB in Prob. 1 column wise. (See Example 6)

Answered: 1 week ago