QUESTION 1 (20 MARKS: 60 MINUTES TASCA is jutally disa distinct Janaryo animadon the Main Market Bun Melinthecy orting Services the company does it runs on her wey your Internations TASCA HP property, tangan tarm is in the table Find Acesta action. We Carunchy TAO - Minery Anamdi-OH HM 400000 LOTION TAR TO TESORO 3600 11. Add info 1) TASCA Hulthering astronau 2013 tuoinnin to the custom woice but to utiliservices of the sun dhiniml fulfillin, stin killed The commodifica of actrestnite from Aksi Bark im Juary 2), Mmm, they existing hur kann TIMO sonlar Listen te KM ALLES LINDO 1200 July 200 ho TURD 20.00 ) Tulanlanan 100,000 RM 290,000, spyn Dar 2000 3) on July 120 TASCA Thalhead officer TM12,000 for the offices. The oblittice testimone Syurite Temation and feest bencarga 2019. tis estimated that tre far vale du M2000 1 July 2012 4 On 11 Decurtur 2019, TASCA hin un test for anbardas Retinery and found that there is an ination of it. However, the 1 It is the present water show than hala sy M341,200 and its far valt M34/ The saling sa lahat its far vale 5 TASCA Sting that the comforandum rinter in the center the stick its cline Om 31 Lt 2012, it further end the presentant home from man mcmhainty to IMEI its total. The time The ampliseen the mother areastalo Orox Mamy * 1546 2016 REQUIRED Round you to the whole tuber Canetas ir be copied for the financial year 2000 per the ministrothermitin (10 Mario is Propan tu jurul ortrins to nunt vidutin af luni inal vemtuse far the firanial yar 2000 2. Marlo c) Autjet quatul caras loncattery anticipadatim of the dice cizmet (3 Marhol Thermal tries to end the immediate Carlos Machinery on Dec 2013 and 31 Dec 2009 (5 Marlo) QUESTION 2410 MARKS MINUTES Flemists the lies inic wore and article. The fill win mtilulitis ile ) Ending Balunge (Units! Cat la Unut (M Fastic sur 30.000 Matic LUX D QUESTION I (20 MARKS: 60 MINUTES) 1 : TASCA Blw is principally engaged as a total logistics solution provider Tout on 1 January 2016 und listed on the Main Market of Bursa Malaysia in the category of Tracking Services The company cases its accounts on 31 December every year. Information about TASCA Bh's property, plant, and equipment on 31 December 2019 is summurised in the table below. Freesillard Warehouse Acumulated desreciation - Warehouse Carribar brux Meclingy Acumulated depreciation - Machinery Office Equipment Acumulated direction - Off Equimet - . RM 4,000000 3,000,000 (400,000) 450,000 (85,000) 36000 (135,000) Additional information: 1) TASCA Bhd inutul the following axts from January 2020 to 31 December 2020 indian to the construction of a new office building and the introduction of its services of the ply chiniling wanchause mitment, or fulfillment, and shipping orders proches to the locul urket. The copy inne specific loan or RM100,000 at a 6% interest rate from Akui Bark on 1 Janar 2020. More, the con las an existing bank loan of RM800,000 on 1 January 2020. Construction Period 1 January 2020 5 MAI 2020 3Jure 2020 30 July 2020 6 October 2008 31 December 2020 RM 180,000 150,000 120,000 105,000 170,000 70,000 2) The land and warthouse waterevalued to RM4,400,000 RM2,350,000, respectively on 31 December 2020 , 3) On 1 July 2020, TASCA Bhd exchanged the old office equipment and RM150,000 for new office equipment. The old office comment was estimated to have a 5-year life. Derection on the old ottice equipment has been recordkel through 31 December 2019. It is estimated that the fair value of the old office equipment is RM120,000 on 1 July 2020, 4) On 31 December 2019, TASCA Bhel conducted an impaimut test for carboard box munufacturing machinery and found that there is an indication of imemt. However, the trungemut articipates the presett value of future nt cash flow from cardboard box mufacturing machinery to be RM341,200 and its fair value to RM343,000. The estimated selling are to be 4 of its fair value. 5) TASCA Bld expecting that the demand for cutiboard box facturing machinery would Inmuese in the foreseeable future, the entity did not dispose of its trichine On 31 December 2020, it further estimated the present value of future rit cash flow from cardboard bux manufacturing machinery to be RM304,000 and its fair value to RM320,000. The estimated selling cost to be 4% 6) The counting prices related to the depreciaticin of the assets are as follows: Warehouse 6% Cardboard Box Machinery 15% Office Equipment 20% REQUIRED (Round your answer to the whole number) Calculate the amount of interest to be capitalised for the finuncial year 2020 and prepare the journal entries related to the interest capitalisation (10 Marks) (b) Prexre the journal entries to record evaluation of an arc wards for the fircial year 2020, (2 Marks) (c) Prepare the jouml tries to record the exchange and depreciation of the office come ni July 2020. (3 Marks) Prepare the jonul tries to record the intuiment and depreciation of the Cardboard Box Machinery an 31 December 2019 and 31 December 2020. IS Merls (d) QUESTION 1 (20 MARKS: 60 MINUTES TASCA is jutally disa distinct Janaryo animadon the Main Market Bun Melinthecy orting Services the company does it runs on her wey your Internations TASCA HP property, tangan tarm is in the table Find Acesta action. We Carunchy TAO - Minery Anamdi-OH HM 400000 LOTION TAR TO TESORO 3600 11. Add info 1) TASCA Hulthering astronau 2013 tuoinnin to the custom woice but to utiliservices of the sun dhiniml fulfillin, stin killed The commodifica of actrestnite from Aksi Bark im Juary 2), Mmm, they existing hur kann TIMO sonlar Listen te KM ALLES LINDO 1200 July 200 ho TURD 20.00 ) Tulanlanan 100,000 RM 290,000, spyn Dar 2000 3) on July 120 TASCA Thalhead officer TM12,000 for the offices. The oblittice testimone Syurite Temation and feest bencarga 2019. tis estimated that tre far vale du M2000 1 July 2012 4 On 11 Decurtur 2019, TASCA hin un test for anbardas Retinery and found that there is an ination of it. However, the 1 It is the present water show than hala sy M341,200 and its far valt M34/ The saling sa lahat its far vale 5 TASCA Sting that the comforandum rinter in the center the stick its cline Om 31 Lt 2012, it further end the presentant home from man mcmhainty to IMEI its total. The time The ampliseen the mother areastalo Orox Mamy * 1546 2016 REQUIRED Round you to the whole tuber Canetas ir be copied for the financial year 2000 per the ministrothermitin (10 Mario is Propan tu jurul ortrins to nunt vidutin af luni inal vemtuse far the firanial yar 2000 2. Marlo c) Autjet quatul caras loncattery anticipadatim of the dice cizmet (3 Marhol Thermal tries to end the immediate Carlos Machinery on Dec 2013 and 31 Dec 2009 (5 Marlo) QUESTION 2410 MARKS MINUTES Flemists the lies inic wore and article. The fill win mtilulitis ile ) Ending Balunge (Units! Cat la Unut (M Fastic sur 30.000 Matic LUX D QUESTION I (20 MARKS: 60 MINUTES) 1 : TASCA Blw is principally engaged as a total logistics solution provider Tout on 1 January 2016 und listed on the Main Market of Bursa Malaysia in the category of Tracking Services The company cases its accounts on 31 December every year. Information about TASCA Bh's property, plant, and equipment on 31 December 2019 is summurised in the table below. Freesillard Warehouse Acumulated desreciation - Warehouse Carribar brux Meclingy Acumulated depreciation - Machinery Office Equipment Acumulated direction - Off Equimet - . RM 4,000000 3,000,000 (400,000) 450,000 (85,000) 36000 (135,000) Additional information: 1) TASCA Bhd inutul the following axts from January 2020 to 31 December 2020 indian to the construction of a new office building and the introduction of its services of the ply chiniling wanchause mitment, or fulfillment, and shipping orders proches to the locul urket. The copy inne specific loan or RM100,000 at a 6% interest rate from Akui Bark on 1 Janar 2020. More, the con las an existing bank loan of RM800,000 on 1 January 2020. Construction Period 1 January 2020 5 MAI 2020 3Jure 2020 30 July 2020 6 October 2008 31 December 2020 RM 180,000 150,000 120,000 105,000 170,000 70,000 2) The land and warthouse waterevalued to RM4,400,000 RM2,350,000, respectively on 31 December 2020 , 3) On 1 July 2020, TASCA Bhd exchanged the old office equipment and RM150,000 for new office equipment. The old office comment was estimated to have a 5-year life. Derection on the old ottice equipment has been recordkel through 31 December 2019. It is estimated that the fair value of the old office equipment is RM120,000 on 1 July 2020, 4) On 31 December 2019, TASCA Bhel conducted an impaimut test for carboard box munufacturing machinery and found that there is an indication of imemt. However, the trungemut articipates the presett value of future nt cash flow from cardboard box mufacturing machinery to be RM341,200 and its fair value to RM343,000. The estimated selling are to be 4 of its fair value. 5) TASCA Bld expecting that the demand for cutiboard box facturing machinery would Inmuese in the foreseeable future, the entity did not dispose of its trichine On 31 December 2020, it further estimated the present value of future rit cash flow from cardboard bux manufacturing machinery to be RM304,000 and its fair value to RM320,000. The estimated selling cost to be 4% 6) The counting prices related to the depreciaticin of the assets are as follows: Warehouse 6% Cardboard Box Machinery 15% Office Equipment 20% REQUIRED (Round your answer to the whole number) Calculate the amount of interest to be capitalised for the finuncial year 2020 and prepare the journal entries related to the interest capitalisation (10 Marks) (b) Prexre the journal entries to record evaluation of an arc wards for the fircial year 2020, (2 Marks) (c) Prepare the jouml tries to record the exchange and depreciation of the office come ni July 2020. (3 Marks) Prepare the jonul tries to record the intuiment and depreciation of the Cardboard Box Machinery an 31 December 2019 and 31 December 2020. IS Merls (d)