Question
Round Circle Trading showed the following details of non-current assets as at 31 December 2021. table[[table[[Non-current],[asset]],table[[Cost],[RM]],table[[Carrying],[Value],[RM]],table[[Method of],[Depreciation]],Basis,table[[Depreciation],[Rate]]],[table[[Motor],[Vehicles]],90,000,72,000,table[[Straight],[Line]],Monthly,table[[ 20% per],[annum]]],[Machinery,200,000,120,000,table[[Reducing],[Balance]],Yearly,table[[ 15% per],[annum]]]] Additional information: On 6
Round Circle Trading showed the following details of non-current assets as at 31 December 2021.\ \\\\table[[\\\\table[[Non-current],[asset]],\\\\table[[Cost],[RM]],\\\\table[[Carrying],[Value],[RM]],\\\\table[[Method of],[Depreciation]],Basis,\\\\table[[Depreciation],[Rate]]],[\\\\table[[Motor],[Vehicles]],90,000,72,000,\\\\table[[Straight],[Line]],Monthly,\\\\table[[
20%per],[annum]]],[Machinery,200,000,120,000,\\\\table[[Reducing],[Balance]],Yearly,\\\\table[[
15%per],[annum]]]]\ Additional information:\ On 6 February 2022, Round Circle Trading purchased a new lorry for business purposes, costing RM94,000 from Motor Maju Trading by credit excluding RM1,000 for road taxes.\ On 27 April 2022, additional machinery was purchased at RM73,000 excluding the installation cost and transportation charge of RM1,500 on credit from Teras Engineering.\ Round Circle Trading purchased a new machine on 1 June 2022 worth RM15,000 from Seri Aman Construction by credit.
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The Handbook Of Loan Syndications And Trading
Authors: Marsh, Lee Shaiman, Bridget Marsh
2nd Edition
1264258526, 978-1264258529
