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TOPIC: DEPRECIATION OF NON CURRENT ASSETS Question 1 A forklift that costs RM45,500 is kept for four years and the traded in for RM20,500. Show
TOPIC: DEPRECIATION OF NON CURRENT ASSETS
Question 1
A forklift that costs RM45,500 is kept for four years and the traded in for RM20,500. Show the calculations of depreciation for each year using:
(a) The straight line method
(b) The reducing balance method at a rate of 14%
**Please show full method on answering the question
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