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Silverfox Sdn Bhd. purchased a machinery for RM45,000 on 1 January 2016. Calculate the depreciation charged for 2016, 2017, 2018, 2019, and 2020 using reducing

  1. Silverfox Sdn Bhd. purchased a machinery for RM45,000 on 1 January 2016. Calculate the depreciation charged for 2016, 2017, 2018, 2019, and 2020 using reducing balance method at 15% depreciation per year.

REQUIRED:

Prepare the relevant table that show:

  1. The total cost

(1 marks)

  1. Depreciation charged

(3 marks)

  1. Accumulated depreciation

(3 marks)

  1. Net book value of the asset.

(3 marks)

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