QUESTION 3

3.1. Given below are financial information for Boo-at Jer Sendirian Berhad for the financial year ended 31 December 2019.

Item	Amount (RM)
Accounts payable	660000
Accounts receivable	380000
Prepaid taxes and insurance	90000
Cash & cash equivalents	985000
Plant, property & equipment	1940000
Operating profit	2800000
Net sales	5975000
Inventory	233000
Total Owners' Equity (end balance)	2550000
Income taxes	590000
Interest charges	330000

Q 3.1.a. Calculate the net profit after tax. (2 marks) Format : 2260000Q 3.1.b. Calculate total current assets. (2.5 marks) Format : 3343000Q 3.1.c. Calculate total long term liabilities. (3 marks) Format : 475000Q 3.1.d. Prepare formatted Balance Sheet Statement as at 31 December 2019. Show in workings to be attached. (7.5 marks) Format : AQ.3.2. The Beena Jer Contractor Company paid RM1421000 for a house and the land that it is on. The value of the land was appraised at RM161000 and the value of the house at RM245000 . The house was then torn down at an additional cost of RM15000, so that a warehouse could be built on the land at a cost of RM1000000. For depreciation purposes, what is the cost basis for the warehouse? (3.5 marks) Format : 8990000

Q.3.3. Consider the following data for a machinery using DDB depreciation method:

Cost of the machine	37000
Useful life	5 year
Salvage value	6000

Calculate the book value at the end of the 4th year. (6.5 marks)

Format : 5989