QUESTION 4 Brian Box set up his own computer software business on 1 March 20X6. He purchased a computer system on credit from a manufacturer, at a cost of RM16, 000. The system has an expected life of 3 years and a residual value of RM2, 500. Using the straight line method of depreciation, the non-current asset account, accumulated depreciation account and statement of profit or loss (extract) and statement of financial position (extract) would be as follows, for each of the next 3 years, 28 February 20X7, 20X8 and 20X9