Question 11 The extract Statement of Financial Position of Roses Company as at 1 January 2020 are as below: Office Equipment Furniture Cost RM 120,000 RM 56,000 Accumulated Depreciation (RM 36,000) (RM 9,000) RM 84,000 RM 47,000 The following transaction occurred during the financial year 2020: Date March 1 April 30 Transactions Bought new furniture by cash RM7,000 An Office equipment bought on 1 January 2017 at cost RM23,000 was sold for RM 16,000 An Office Equipment bought on 1 June 2018 for RM12,000 was traded in for another new Office Equipment which cost RM29,000 with cash payment RM20,000 Sept 30 Depreciation had been provided as follows: Office Equipment Furniture : : 20% on cost per annum 10% on book value per annum You are required to prepare: a) Calculation of depreciation for the assets b) Asset Accounts . Accumulated Depreciation Accounts d) Disposal Account