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Question 3 a) Mozilla Sdn. Bhd. (Mozilla) owns a machine that is fully depreciated but it still being used. Discuss how should Mozilla account for
Question 3 a) Mozilla Sdn. Bhd. (Mozilla) owns a machine that is fully depreciated but it still being used. Discuss how should Mozilla account for this asset and report it in the financial statements. Question 3 b) You are comparing two companies in the same industry. You have determined that Sito Sdn. Bhd. (Sito) depreciates its plants assets over a 40-year life, whereas Lalu Sdn. Bhd. (Lalu) depreciates its plant assets over a 20-year life. Discuss the implication of these accounting treatment has for comparing the results of the two companies
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