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Question 2 On 1st January 2018, Robin Wright bought a van for RM50,000. In her final accounts, which are prepared for the year ended 31st
Question 2 On 1st January 2018, Robin Wright bought a van for RM50,000. In her final accounts, which are prepared for the year ended 31st December each year, she has been depreciating the van at 30% per annum using the reducing balance method. Required: (a) (9 marks) (b) (12 marks) Prepare depreciation schedule for year 2018, 2019, 2020, and 2021. Prepare accumulated depreciation account for year 2018, 2019, 2020 and 2021. Prepare statement for profit and loss for year ended 2018, 2019, 2020 and 2021. Prepare statement for financial position for year 2018, 2019, 2020 and 2021. (c) (2 marks) (d) (2 marks)
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