Question
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
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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 balance method at 15% depreciation per year.
REQUIRED:
Prepare the relevant table that show:
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The total cost
(1 marks)
-
Depreciation charged
(3 marks)
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Accumulated depreciation
(3 marks)
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Net book value of the asset.
(3 marks)
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The Politics Of Internal Auditing
Authors: Dr. Larry Rittenberg, Patty Miller
1st Edition
0894139053, 978-0894139055
