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UR Trading bought two assets on 1 January 20X1. Details of the assets are as follows No Purchase Van Juara Camera 1 Purchase Price RM50,000

UR Trading bought two assets on 1 January 20X1. Details of the assets are as follows

No Purchase Van Juara Camera
1 Purchase Price RM50,000 RM10,000
2 Scrap Value RM- RM-
3 Depreciation Rate/Useful Life 25% 3 years
4 Depreciation Method Reducing Balance Sum of Digit

Prepare Van Juara, Camera and Depreciation account as at 31 December 20X1 and 31 December 20x2. (9 marks)

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