Question
Q1. Cost: RM250,000 (1 January 2020) Cash received: RM100,000 Residual value: RM40,000 Disposal date: 31 December 2021 Gain on disposal: RM50,000 Calculate accumulated depreciation on
Q1.
Cost: RM250,000 (1 January 2020)
Cash received: RM100,000
Residual value: RM40,000
Disposal date: 31 December 2021
Gain on disposal: RM50,000
Calculate accumulated depreciation on disposal
a. RM200,000 b. RM150,000
c. RM50,000 d. RM100,000
Q2.
Cost: RM150,000 (1 July 2020)
Depreciation: 20% straight line
Residual value: RM20,000
Disposal date: 31 December 2020
Cash received: RM100,000
which is a calculate profit/loss on disposal
a. RM37,000 Profit b. RM24,000 Profit c. RM24,000 Loss d. RM37,000 Loss
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Financial accounting
Authors: Walter T. Harrison Jr., Charles T. Horngren, C. William Thom
9th edition
978-0132751216, 132751127, 132751216, 978-0132751124
