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Question 1 a) At the beginning of the year, X-Men Sdn Bhd owned assets amounting to RM355,000 and the owner's equity of RM180,000. During the
Question 1 a) At the beginning of the year, X-Men Sdn Bhd owned assets amounting to RM355,000 and the owner's equity of RM180,000. During the year, its assets increased by RM45,000 and its liability decreased by RM32,000. How much is the owner's equity at the end of the year? (3 marks) b) The following are the year end balances in Rina's ledgers: Sales 257,600 Purchases 166,000 Land and buildin 345,000 Mort a eon remises 180,000 Invento 45,800 Ca ital 119,200 Based on the ledger above, prepare the Trial Balance for Rina. (5 marks) c) Question i and ii are related to the information below: Owner's Equity Assets Liabilities 128,000 x 65,900 450,000 785,400 Calculate the value of X. (1 mark) ii. Calculate the value of Y. (1 mark) d) Based on the information below, calculate the total depreciation using straight-line method. (5 marks) Motor vehicle Cost: RM125,600 Estimated useful life: 5 years scrap value: RM85,OOO ii. Computers Cost: RM16,800 Depreciation: 20% per annum
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