Question 1 A company bought a machine on 1 January 2020 for RM170.000. It is expected to last for 10 years and then be sold for scrap for RM10,000. Usage over the next 10 years is expected to be: Year Number of Machine hours 300 300 300 300 5 250 250 250 250 250 250 2,700 10 Total Required: Calculate the depreciation to be charged for Year 2020 under the following methods. (Show all relevant workings) (a) Straight line method (b) Reducing balance method at 30% (c) Machine hours method (d) Sum-Of-Digits method [10 marks) Question 2 Tom and Jerry are in partnership sharing profits and losses equally. They are entitled to 6% per annum of interest on capital Interest on drawings is at 4% per annum. Tom is paid a salary of RM80,000 per annum. Tom and Jerry have invested RM50,000 and RM30,000 in the partnership respectively. Tom made a withdrawal of RM10,000 from the partnership on 1 July 2019. Their profit before distribution for the year ended 31 December 2019 was RM120,000 Required: Compute the share of profit for each partner. Show relevant workings. [10 marks]