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:

1 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 days 300 300 300 300 250 250 250 250 250 250 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] mention