Question 1

a) Sepakat Raya Sdn Bhd purchased a freezer from Cambodia, TX-200 on 2019. The cost of the freezer is RM 295,000. The price of the freezer excluded insurance fees,RM 2,100, duty tax, RM 1,300 and trasnsportation costs RM 3,200. Sepakat Raya Sdn Bhd estimate the useful life of the freezer is 10 year, salvage value is RM 10,000 and depreciation rate is 10% on book value. Find the book value of the freezer at the end of year 4.

b) Corrine has an extra RM 3,800 that she puts into a savings account paying 7% p.a compounded quarterly for 10 years. Find the interest earned.

c) As a project manager, Mustakim received a bonus of RM 18,000 for completing a difficult project on time. He invests it at 6% compounded quarterly for 5 years. Find the future value.

d) Rahman Brothers purchased 19-inch and 21 inch custom wheels for his performance quto parts store and was offere a cash discount of 2/10, EOM. The invoice amounted to RM 7,188.60 and was dated June 15. The wheels were received 7 days later and the invoice was paid on July 9. Find the amount Rahman Brothers need to pay

e) Bella invested money received from an insurance settlement for 10 years at 5.5% simple interest. If she received RM2,090 interest on her investment during this time, find the amount that she invested.