Question
QUESTION 3 (20 MARKS) (a) Explain TWO (2) factors of depreciation. (6 marks) (b) Goldenfox Sdn Bhd. purchased a machinery for RM50,000 on 5 January
QUESTION 3 (20 MARKS)
(a) Explain TWO (2) factors of depreciation.
(6 marks)
(b) Goldenfox Sdn Bhd. purchased a machinery for RM50,000 on 5 January 2019. Calculate the depreciation charged for 2019, 2020 and 2021 using reducing balance method at 15% depreciation per year.
REQUIRED:
Prepare the relevant table that show:
i. The total cost
(1 marks)
ii. Depreciation charged
(3 marks)
iii. Accumulated depreciation
(3 marks)
iv. Net book value of the asset.
(3 marks)
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International financial management
Authors: Jeff Madura
9th Edition
978-0324593495, 324568207, 324568193, 032459349X, 9780324568202, 9780324568196, 978-0324593471
