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QUESTION 1 (20 marks) Based on Straight Line method, what is the yearly depreciation for the following two events? a) A Lorry costs RM55,000, has
QUESTION 1 (20 marks) Based on Straight Line method, what is the yearly depreciation for the following two events? a) A Lorry costs RM55,000, has a useful life of 5 years and salvage value of RM5,000 (7 marks) b) A Lorry costs RM55,000, has a useful life of 20 years and salvage value of RM5,000 (7 marks) c) Give comments on answer (a) and (b) based on managerial discretion aspect. (6 marks)
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