QUESTION 1 Show the double entry and ledgers for the following transactions. i. Started business with cash in bank of RM 200 000 ii. Owner withdrew RM 12 000 of cash for personal use Bought a machine worth RM 120 000 on credit from Zain Trading Paid utilities of RM 8 000 by cheque iv. V. Received payment of RM 18 000 for rental (10 marks) QUESTION 2 a. Dom Enterprise purchased a truck worth RM 175 000 for his food truck business. The truck is expected to be useful for 8 years with 12% of annual depreciation rate. The residual value is RM 13 000. Calculate Net Book Value for the truck at the end of useful life. (10 marks) b. Asset value might decrease over the time due to several factors. Explain FOUR (4) reasons of this situation. (10 marks)