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Question 3 Daisy Enterprise owns a textile shop in Johor. Daisy prepares her financial statements on 31 December every year. It is the business policy

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Question 3 Daisy Enterprise owns a textile shop in Johor. Daisy prepares her financial statements on 31 December every year. It is the business policy to provide depreciation at 10% per annum. Mercy provided the following information on the movement of his non-current asset. 2018 April 1 2019 January 1 Bought a van for RM60,000. Payment made by cheque. Bought a van for RM90,000. Payment made by cheque. Bought a van for RM80,000. Payment made by cheque. 2019 July 1 Required: Page 2 of 3 a. Prepare Van account for the years ended 31 December 2018 and 31 December 2019. (6 marks) b. Prepare Accumulated depreciation for van account for the years ended 31 December 31 December 2018 and 31 December 2019. (9 marks) (Total: 15 marks)

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