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droon x cost of assets 6. During 2017 and 2018, Superb Bhd. drove their truck 15.000 and 22,000 miles, respectively, to deliver supplies to their
droon x cost of assets 6. During 2017 and 2018, Superb Bhd. drove their truck 15.000 and 22,000 miles, respectively, to deliver supplies to their customers. If they originally purchased the truck at the beginning of 2010 for RM175,000 and the truck has an estimated life of 10 years and 320,000 miles with an estimated residual value of RM15,000. what amount of depreciation expense should Superb record in 2018 using the unit of production method A. RM11,000 B. RM18,500 22000 C. RM7,500 D. RM16,000 - 2010 estimated cost-estimat 0.068TS value. x 7. During the year to 31 December 2017, XYZ Bhd. purchased a new machinery. The details of the purchase are: RM Invoice price purchase price) 200,000 Agreed discount on purchase 10% of the invoice price 20 Early payment discount if payment is made within a week 905% of the net purchase price in Delivery charges 10,000 Maintenance charges for two years 14,000 Spare-parts 2 2,000 Pre-production testing 2 6,000 XYZ Bhd. paid for the machine within five days of purchase when the machine was delivered to its intended site. The machine is expected to be used for 10 years and after that XYZ Bhd. is required to dismantle the machine and remove it from the site. The company also has to restore the site back to its original condition. Total cost for dismantling, removing and restoring cost is RM25,000 (at an estimated present value of RM15,000). How much is the initial cost of the machine? A. RM214,000 B. RM212,000 (C. RM202,000 D. RM217,000
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