Question
The following information was provided for Fath Corporation as at 1 January 2018: Machinery 245,000 Equipment 58,500 Non-Current Cost Accumulated Assets (RM) Depreciation (RM)
The following information was provided for Fath Corporation as at 1 January 2018: Machinery 245,000 Equipment 58,500 Non-Current Cost Accumulated Assets (RM) Depreciation (RM) 62,500 Depreciation rate (per annum) 10% on reducing 17,500 balance method. 15% on cost. Required: (i) Calculate the depreciation for each asset for the year ended 31 December 2018 and 2019. (8 marks) (ii) Statement of Financial Position (extract) as at 31 December 2018 and 2019. (9 marks)
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Financial Accounting in an Economic Context
Authors: Jamie Pratt
10th edition
978-1-119-3061, 1119306167, 978-1119444367
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