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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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